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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 | 319 views | Finance Legal Info | 1 year ago

Answer(3)

Semi-Pro

Glenda X Bozett

RELI

(2)

In most cases the sale of real estate at a loss is considered a capital loss .

Semi-Pro

Gloria Mitchell

Wilkinson Triad Realty

(52)

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.

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Rising Star

Jamie Merwin

ZMD REALTY

Usually yes. Please consult with a tax expert.

6 months ago
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