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Nobody likes to sell their homes at a loss, and it is not common nowadays when this happens. But. if this is your case, for whatever reason, here is some advice that might save you a lot of dollars.
Unfortunately, the loss sustained on a house sale ordinarily is not tax deductible. And the loss cannot be subtracted from the profit made on another house you owned and sold prior to the one you must sell at a loss.
However, the loss IS tax deductible if the house is sold as a business investment. Therefore, if you anticipate that you must sell at a loss, you
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