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-   -   Tax Credits for H1B visa holders (https://www.askmehelpdesk.com/showthread.php?t=697321)

  • Aug 27, 2012, 07:43 AM
    pereira dos san
    Tax Credits for H1B visa holders
    Hello
    I am an H1B visa holder returning to Canada this year after one year of employment in the US. If I sell my house in the US after the date of termination of my US employment will I be entitled to the tax credit of the loss I will be taking on the sale of the house on my US tax filing for 2012? Thanks!
  • Aug 27, 2012, 09:07 AM
    AtlantaTaxExpert
    Unfortunately, no. Such a loss on your personal home is NOT tax deductible.
  • Aug 27, 2012, 10:44 AM
    pereira dos san
    Thank you for your response. May I ask why not? This is my primary residence...
  • Aug 27, 2012, 11:19 AM
    AtlantaTaxExpert
    Because that is what the tax law says.

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