Re: Clarification on 1099

Posted by Shelley Koss on August 06, 2007 at 11:37:22:
In Reply to: Re: Clarification on 1099
Posted by Larry Ludwick on July 06, 2007 at 13:37:56:

Please remember that the government does not allow a "loss" on a tax return for personal property. Therefore, if you sell your personal residence at a loss, you will get no tax loss deduction.

Shelley Koss, CPA