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Contact Information

Frank Free
Lake Realty
19900 W Catawba Ave
PO Box: Suite 103
Cornelius, NC, 28031
Office: 704-892-6350
Cell: 704-201-5262
ffree@lakerealty.com
Lic. #: 139143
loss from selling your home | Print |

Can I deduct the loss I suffered when I sold my Lake Norman, NC 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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