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#8
07-21-2004, 04:41 AM
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 Re: loss on primary residence: write-off? jimsweetjim[at]hotmail.com says... - quote - > Maybe someone knows the answer to this. If I lose money on
As a lesson in life.> my primary residence, can I write that off in any way? Gary -- You can probably X figure out X which letters to X delete to derive my email address X. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#7
07-13-2004, 11:45 PM
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| Re: loss on primary residence: write-off? - quote - > If I lose money on
Sorry, personal losses are not deductible.> my primary residence, can I write that off in any way? Kate, EA in PA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#6
07-13-2004, 11:26 PM
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| Re: loss on primary residence: write-off? JDS wrote: - quote - > Maybe someone knows the answer to this. If I lose money on
Only illegally. (Well, that's a "way.")> my primary residence, can I write that off in any way? Personal losses are not deductible. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
07-13-2004, 11:26 PM
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| Re: loss on primary residence: write-off? "JDS" <jimsweetjim[at]hotmail.com> wrote: - quote - > Maybe someone knows the answer to this. If I lose money on
Never.> my primary residence, can I write that off in any way? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
07-13-2004, 11:07 PM
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| Re: loss on primary residence: write-off? - quote - > Maybe someone knows the answer to this. If I lose money on
No. Loss on the sale of your primary residence is a> my primary residence, can I write that off in any way? personal loss and personal losses are not deductible. Mary Ann Thomas, EA in AZ << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
07-13-2004, 11:07 PM
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| Re: loss on primary residence: write-off? jimsweetjim[at]hotmail.com (JDS) wrote: - quote - > Maybe someone knows the answer to this. If I lose money on
No. It is a personal loss not a business loss.> my primary residence, can I write that off in any way? Missy Doyle << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
07-13-2004, 10:29 PM
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| Re: loss on primary residence: write-off? jimsweetjim[at]hotmail.com (JDS) wrote: - quote - > If I lose money on
No, capital losses on personal-use assets aren't deductible.> my primary residence, can I write that off in any way? -- Chris Green << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
07-13-2004, 10:10 PM
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| Re: loss on primary residence: write-off? - quote - > Maybe someone knows the answer to this. If I lose money on
NOPE, unless the loss is generated by a casulaty!!!> my primary residence, can I write that off in any way? Personal losses, upon sale, are not deductible. "Jack" - John H. Fisher - TaxService[at]aol.com Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html Where Ignorance is bliss, 'tis folly to be wise!=  << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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07-13-2004, 10:09 PM
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| Re: loss on primary residence: write-off? jimsweetjim[at]hotmail.com (JDS) writes: - quote - > Maybe someone knows the answer to this. If I lose money on
No. Losses on the sale of personal property are not> my primary residence, can I write that off in any way? deductible. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
07-09-2004, 05:39 PM
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| loss on primary residence: write-off? Hi, Maybe someone knows the answer to this. If I lose money on my primary residence, can I write that off in any way? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| loss, primary, residence, writeoff |
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