Agent

Real estate tip: Home depreciation a reality in changing markets

I lost money on the sale of my first house. Can I deduct the loss?
Published on Jan 12, 2004

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by CareyBot

No. While Congress has considered making this legal, real estate losses currently are not deductible on federal income taxes. Not everyone makes money on the sale of their home, most often due to changing market conditions. Chalk it up to ...

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