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rweber42
Feb 5, 2008, 05:21 PM
Hi, I was wondering if I can still claim a loss on my taxes this year for losing my house to a foreclosure in the year 2000. I never claim any lose at all???
IntlTax
Feb 5, 2008, 06:40 PM
Your home is a personal asset. Losses on personal assets are nondeductible.
MukatA
Feb 6, 2008, 03:30 AM
Loss for any personal property is not deductible.
AtlantaTaxExpert
Feb 6, 2008, 02:42 PM
Agreed.