I sold my house in 2010 and I lost $20000 (purchase price: $100k; sale price: $80k). It was my primary residential house. I did not know that I can claim capital loss for it. Can I start to claim a capital loss on my 2015 tax return?
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6Please add a tag specifying your location.– BrenBarnCommented May 5, 2015 at 18:06
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1 Answer
Assuming you are in the US, the answer is "no". Loss on a primary residence is not a deduction.
On a side note, returns can only be amended up to 3 years after original filing due date. So whatever the contents of your 2010 tax return, due 4/15/11, April of 2014 was the last chance you'd have had to make any corrections.
answered May 5, 2015 at 19:02
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1+1 - Capital gains on primary residence in Australia are exempt, and thus any capital losses on primary residence are also not available.– VictorCommented May 6, 2015 at 0:34