If I sell my house for $30,000 less than what it was purchased for. Can I get a tax break for the loss?

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2007-10-26 03:22:59 · 4 answers · asked by ANyone but you 2 in Business & Finance ➔ Taxes ➔ United States

Not that I have ever heard.

2007-10-26 03:28:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Assuming that it is your personal residence, NO, the loss is not deductible as it is a personal loss.

2007-10-26 10:28:32 · answer #2 · answered by Wayne Z 7 · 0⤊ 0⤋

No, sorry, you can't deduct a loss on your personal residence.

2007-10-26 10:31:57 · answer #3 · answered by Judy 7 · 0⤊ 0⤋

nope ..

2007-10-29 20:43:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋