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William Smith
Keller Williams Realty
229 Route 32
Central Valley, NY, 10917
Cell: 845-728-6162
Lic. #: 40SM1053495
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loss from selling your home | Print |

Can I deduct the loss I suffered when I sold my Orange County New York NY area home?

The Internal Revenue Service currently does not allow deductions for losses on the sale of your own home. In fact there's no way to use a loss on the sale of your principal residence to your advantage on your income tax return.


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Last Updated ( Thursday, 04 September 2008 )
 
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