Second home?

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  • JenMO
    Senior Member
    • Apr 2007
    • 974
    #1

    Second home?

    Client owned and lived in house in town for over 5 years, purchased another home in country and moved into it. Client wanted to sell house in town, but it didn't sell. Lived in country 2 years and 5 months, didn't like it, and moved back into the house in town. Client then sold house in country ( a year and 2 months after she moved out) at a loss. Can I take a loss on the house in the country, as a second home?
    Tags: None
    • BOB W
      Senior Member
      • Jun 2005
      • 4061
      #2
      NO loss deduction....should of rented it out for a couple of years before sale.
      This post is for discussion purposes only and should be verified with other sources before actual use.

      Many times I post additional info on the post, Click on "message board" for updated content.

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