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In one word, NO… The Internal Revenue Service’s Publication 523 states “A loss on the sale of your main home cannot be deducted.” Even if you reinvest the proceeds in another home, you still may not deduct the loss from your previous home.

Consult your tax accountant for details if you are considering selling your home for less than you bought it.
June Kubli, Ph.D.
Broker Associate, Certified Residential Specialist
License #00911089
Coldwell Banker Residential Brokerage
Cell: 858-353-0406
EFax: 858-228-9944
Email: jskubli@gmail.com

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Kathleen Williams
619-944-6520

CalBRE License #00909208

Lydia Hwang Vosovic
858-472-0608

CalBRE License #01445033

June Kubli
858-353-0406

CalBRE License #00911089

Katie Dunahoo
858-775-1239

CalBRE License #00694822

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930 Prospect
La Jolla, CA 92037

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