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Author: carolz Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121566  
Subject: House Sale Date: 2/3/1999 12:37 PM
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I see the tax changes on taxes on proceeds from the sale of a home. What if the home is sold at a loss. Is this loss deductible?
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Author: gp703 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 9433 of 121566
Subject: Re: House Sale Date: 2/3/1999 12:38 PM
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<I see the tax changes on taxes on proceeds from the sale of a home. What if the home is sold at a loss. Is this loss deductible? >

No.

GP

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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 9551 of 121566
Subject: Re: House Sale Date: 2/5/1999 12:24 PM
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[[I see the tax changes on taxes on proceeds from the sale of a home. What if the
home is sold at a loss. Is this loss deductible?]]

Sorry...losses on the sale of a personal residence are personal in nature...and therefore not deductible.

TMF Taxes
Roy

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