Can anything be done via income tax reporting to help when you take a loss on the sale of your home?

Bob Kozak
Bob Kozak
Both Buyer and Seller
46037

Thu Mar 19 2009, 15:49 - Home Selling in Canonsburg - 2 answers
Helpful
 (0)  
Email Alerts
Send to a friend
Save
Report  
Answers (2)
Terrence Charest
Terrence Charest
Agent
Willow Grove, PA

My thoughts would be that this would make perfect sense. But you need to know who we are talking about here. Talk to a tax professional.

Terrence Charest, e-Pro

Thu Mar 19 2009, 21:14
Helpful
 (0)
Link to this answer
  Report
Michael Hammond
Michael Hammond
Agent
30078
FIRST ANSWER

Bob, I would contact a tax professional in your area for an expert opinion, but my understanding is unless it is an investment property, the answer is no.

Thu Mar 19 2009, 16:00
Helpful
 (0)
Link to this answer
  Report

Didn’t find what you were looking for? Ask a question!

More Q&A about Home Selling in Canonsburg

View all »
Mary Fasnacht…, Real Estate Pro in Pittsburgh, PA
what is the average number of days on the market in the 15317 area? the house is priced to sell at $285,000.
Answered Fri May 8 2009, 05:37 by Mary Fasnacht, Fee… in 15317
Read all 2 answers
Harrison K.…, Real Estate Pro in Irvine, CA
how often should sellers agents be communicating with their sellers?
Answered Sat Apr 18 2009, 13:11 by Harrison K. Long in 15317
Read all 5 answers
Home Seller, Home Seller in Cecil, PA
how long after i lower price will it show up on here?
Asked Wed Apr 1 2009, 08:49 by Home Seller in 15317
Be the first to answer
Barbara Q., Other/Just Looking in Bergen County, NJ
after 2 weeks on mls still no calls.
Answered Mon Mar 23 2009, 12:00 by Barbara Q. in 15317
Read all 19 answers
Kristen, Home Seller in 15317
What exactly does a realtor do? I believe mine may need a lesson. How do you switch realtors?
Answered Thu Jan 8 2009, 18:28 by Kristen in 15317
Read all 11 answers
View all Home Selling questions and answers in Canonsburg »
Search Advice & Opinions
e.g., "foreclosure", "short sale", "mortgage"
e.g., "San Francisco, CA", "New York, NY"
SEARCH

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 23
Map these properties
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback