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loss from selling your home

Can I deduct the loss I suffered when I sold my Barrie Ontario area home?

The Internal Revenue Service currently does not allow deductions for losses on the sale of your own home. In fact there's no way to use a loss on the sale of your principal residence to your advantage on your income tax return.


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Lina Garcia Sales Rep. Sutton Incentive Realty Inc. *Brokerage
linagarcia@rogers.com
www.barriefamilyhomes.com  www.casaenbarrie.com 
Office: 705-739-1300   Direct: (705) 721-2911

*Independently owned & operated