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Irwin Law
Irwin Law, Lawyer
Category: Real Estate Law
Satisfied Customers: 7404
Experience:  Lawyer- Broker 30+years - foreclosure, short sale, liens, title attorney.
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My house was a sold at a on line action, my actual mortgage

Customer Question

My house was a sold at a on line action, my actual mortgage was 119,000, but with fees and. And non payment I owed 155,000 and it sold for that amount. Can I claim any amount on tax return?
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Irwin Law replied 1 year ago.
No. There are no income or loss tax consequences from a foreclosure sale of the residence. If you have been deducting mortgage interest on your annual 1040, be sure to show your tax preparer the foreclosure sale information.