Advice Topics
- Buying (125)
- Selling (160)
- Renting (28)
- Market News & Trends (11)
- Finance & Legal Info (65)
- Tips & Advice (82)
- Working With an Agent (49)
- Marketing (3)
- Investing (12)
- Affordable Housing (8)
- Green Housing (2)
- Schools (1)
- Remodeling (27)
- International Real Estate (8)
- Terms & Definitions (23)
- Home Loans (6)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
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 | 190 views | Finance Legal Info | 1 year ago
Answer(3)
Glenda X Bozett
RELI
In most cases the sale of real estate at a loss is considered a capital loss .
- 1 year ago
Helpful (0)
Unhelpful (0)
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.
- 1 year ago
- Helpful (0)
- Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Jamie Merwin
ZMD REALTY
Usually yes. Please consult with a tax expert.
- 3 weeks ago
- Helpful (0)
- Unhelpful (0)
Related Questions
-
If I sell my home, will my boyfriend receive part of the sale?
I wanted some clarification before deciding to put my home on the market. My boyfriend and I purchased a home together several years ago. We split up so he signed a quitclaim deed but is obviously still on the loan. If I want to sell my home that I have been making payments on myself for the last 8 years. Does he need to sign anything and would he be entitled to any of the sale money?
- Asked by Eileen K.
- 775 views
- Finance & Legal Info
- 2 years ago
-
Can the new owner of the rental property I live in kick me out?
The rental property that I'm living in now was sold to a new owner. The new owner wants to kick me out, remodel the unit, and re-rent the unit for a higher price. Is that legal?
- Asked by Mario Z.
- Los Angeles, CA
- 613 views
- Finance & Legal Info
- 2 years ago