Sale of Vacation Home

[taxriv]

Does the sale of a vacation home (that has never been rented out) at a loss, unlike a main home, give the taxpayer a capital loss? And does it go on Schedule D as an ordinary transaction?

[taxea]

Is it personal property? Did they live in it 2 out of the last five years? Did they sell to a relative?

[Burke]

Does the sale of a vacation home (that has never been rented out) at a loss, unlike a main home, give the taxpayer a capital loss? And does it go on Schedule D as an ordinary transaction?

They have to report a gain, but cannot take a loss. You can show it on Sche D with an adjustment to net to zero. There is a code for that.