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?

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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 experience and buy your next home wisely. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....