Ask Experts Questions for FREE Help !
Ask
    rweber42's Avatar
    rweber42 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 5, 2008, 06:21 PM
    Amending taxes
    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's Avatar
    IntlTax Posts: 831, Reputation: 23
    Tax Expert
    		  
    #2

    Feb 5, 2008, 07:40 PM
    Your home is a personal asset. Losses on personal assets are nondeductible.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Feb 6, 2008, 04:30 AM
    Loss for any personal property is not deductible.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Feb 6, 2008, 03:42 PM
    Agreed.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Amending a return [ 5 Answers ]

I needed to amend my 2006 return, but now I need to send in my 1040x. My question is do I need to send in my original return along with my amended return or is the amended return good enough? Also what is the correct postage for this?

Amending [ 3 Answers ]

I just would like to amend that it is not W7 but W2. Also, Please note that I am considered as resident I guess, since my stay here is more than 180 days. What form should I use? Thank you.

Amending Residency Status - 2004 [ 1 Answers ]

I filed an 1040R in 2004 in error. I was working in the US on the OPT part of an F1 visa and should have declared myself to be a non-resident ("exempt individual"). Since then my status has changed to resident alien (switched to H1B). Is there any advantage or disadvantage to changing my status...

Amending a return [ 2 Answers ]

Hi, I filed federal tax online, now I realise that if I file jointly I would be eligible for refund, how can I correct my filing status- Thanks Bindu

Please help - amending tax returns - wrong forms (1040) filed [ 3 Answers ]

Hello, I am new to these forums - but seeing the responses, I am sure that I will get some much needed advice. My situtation is this: I was an Indian Student on F1 from July 2003 to April 2006. (My H1-B visa was approved to become effective from April 2006.) I...

View more questions Search