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Contact Information
Olena M. Keene
First National Realty
6423 Summer Gale Dr
Memphis, TN, 38134
Office: 901-277-5324
Cell: 901-277-5324
Fax: 901-531-8084
Lic. #: 00289295
loss from selling your home | Print |

Can I deduct the loss I suffered when I sold my Memphis 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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