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Do you need to report sale of real estate at a loss?
Do you need to report sale of real estate at a loss?
Asked By Brianna | Monroe, LA | 894 views | Finance Legal Info | Updated 3 years ago
Answers (3)
Glenda X Bozett
Michael Alexander Properties
In most cases the sale of real estate at a loss is considered a capital loss .
- 3 years ago
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Gloria Mitchell
Wilkinson Triad Realty
Yes, in most cases the sale of real estate at a loss is considered a capital loss and must be reported on your income tax return. Consult a tax professional to learn more about how to report the loss.
- 3 years ago
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Jamie Merwin
ZMD REALTY
Usually yes. Please consult with a tax expert.
- 1 year ago
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