I inherited a house which I sold for less then it was valued. Do I have to claim

  1. profile image46
    boomer500posted 8 years ago

    I inherited a house which I sold for less then it was valued. Do I have to claim that on taxes

  2. KeithTax profile image74
    KeithTaxposted 8 years ago

    You will need to report the sale on Schedule D. You can not claim the loss unless the home was used for a business purpose, ie. rental unit.

 
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