Loss on second home

[linea]

I know you are not allowed to use a deductible loss on a second home. The home was personal use. However, I have a client that sold a business interest and has an installment sale with gain. Can any part of the loss on the second home be used to offset the installment gain?

[buzzardbreath]

Don't Think So

You are telling us that the second home was personal and from that we infer that there was no business purpose.

This being the case, I believe the unfortunate answer is "no."