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Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9783
Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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Is Loss on the sale of Real Estate Tax Deductable

Customer Question

Is Loss on the sale of Real Estate Tax Deductable?
Submitted: 5 years ago.
Category: Tax
Expert:  Merlo replied 5 years ago.
Hello Baron,

The loss is deductible if it was investment property and the sale was not made to a related party.

Loss on the sale of a personal residence is not deductible.

If this was helpful please press the Accept button. Positive feedback is also appreciated.

Thank you Baron.

Merlo, Accountant
Category: Tax
Satisfied Customers: 9783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
Merlo and 8 other Tax Specialists are ready to help you
Expert:  Merlo replied 5 years ago.
Baron,

I really do not appreciate that you left me negative feedback saying this was not the answer you hoped for. I do not write the laws or the IRS tax regulations. I am only here to help people who have questions about tax issues, and have no control over what the laws are.

I would sincerely XXXXX XXXXX if you would take the time to send customer service an email atXXX@XXXXXX.XXX and ask them to remove this from my record. It is really not fair to me, as I did nothing wrong. I was only attempting to help answer the question you asked, and your negative feedback has a negative effect on my standings with this website. I don't think you would appreciate someone doing this to you for something you had no control over, and I would appreciate your help in removing this from my record.

I understand you are upset with the laws, but this is not something I have any control over.

Thank you Baron.



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