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Loss on sale of home due to job move

Level 4

anyone knows if there is exception to deduct loss on sale of home doe to job move?

 

I know there is two year exception rule for capital gain on sale of home due to job related move

 

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Level 15

Primary residence is a personal property, so losses are never allowed.

Such kind of losses are usually addressed through the employer's relocation policy or negotiated as a taxable reimbursement or lump sum instead, often with gross-up, although these are mostly subject to a retention clause.

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Level 15

Primary residence is a personal property, so losses are never allowed.

Such kind of losses are usually addressed through the employer's relocation policy or negotiated as a taxable reimbursement or lump sum instead, often with gross-up, although these are mostly subject to a retention clause.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post