If not, I have farming. Can I write the house off as part of my farming supplies and loss???
2007-02-23 14:15:09 · 6 answers · asked by pa_ps2 2 in Business & Finance ➔ Taxes ➔ United States
yes you claim profit or loss from the sale of a home on your taxes. I don't believe you can write the house off as a farming loss if the house was your principle residence, but you don't need to go that route anyways!
2007-02-23 14:18:51 · answer #1 · answered by Anonymous · 0⤊ 5⤋
I don't know what you mean by the farm thing, but if the "home" was your personal residence....no you cannot claim a loss.
2007-02-23 22:19:52 · answer #2 · answered by loandude 4 · 2⤊ 1⤋
loss on a personal residence can not be claimed on the return - don't listen to the above posts that say you can - THEY ARE WRONG!
Don't know about farm stuff since you don't say how it was previously treated.
2007-02-23 23:31:07 · answer #3 · answered by Dizney 5 · 2⤊ 0⤋
i think you have to browse the tax filing sites. go for this this will provide you filing the tax with some savings. bye
2007-02-24 06:47:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
yes you may claim the loss... also claim the farm.
2007-02-23 22:24:31 · answer #5 · answered by shortymaciam 3 · 0⤊ 5⤋
yes as that a loss capitol gain lost,
2007-02-23 22:57:14 · answer #6 · answered by claudia_diver 1 · 0⤊ 5⤋