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Nashville News
Local news for Nashville, TN continually updated from thousands of sources on the web.

Contact Information

Brandon Patrick
Reliant Realty
256 Seaboard Lane E105
Franklin, TN, 37067
Office: 615-724-7071
Cell: 615-578-7507
Lic. #: 257858
deducting the loss from selling your home | Print |

Can I deduct the loss I suffered when I sold my 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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