Personal Loss on Land with Shed

[Sparky]

Seems like most people buy land for an investment and personal use. I usually let the client tell me how they use it and go from there. I have a pretty big loss because of quick sell and would like to take it as a loss, but gut tells me personal.

So much of this in interpretation.

There really are not cut and dry rules on this. Any feed back would be appreciated.

[Dude]

Shed or rustic tiny home? You can separate the shed but loss on the land is limited to $3k per year especially if this was a one time transaction.