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    RealQuestion Posts: 1, Reputation: 1
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    #1

    Aug 5, 2014, 04:31 PM
    Can you declare a capital loss on foreign real estate investment sale?
    I bought land in Mexico as a real estate investment. I am now selling it for less than I paid. May I declare the difference as a capital loss on my income tax filing?
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    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    Aug 5, 2014, 04:49 PM
    Yes, if you never made use of the land as a personal residence.

    You need to report the sale and the loss on Schedule D.
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