If my investment, buy a house, 1 year, and hold it Loss of 8, what is the tax treatment?
Additional Information: Home Mortgage and Purchased with loans secured personal, and because I Was a short sale, losses on my 1099 – C to cancel the debt Have, even though loan was for the full purchase price. In addition, interest Loan payments, property taxes and insurance. The self – employment income this year It could be a loss to show? It's easy for me Be. Or if not, where was I, in the amount of loss Not enter the offset number of debt relief? And if so, How do I deduct the cost? IRS website and I'm all over it Showed any help would be nice to not find anything.
This is not the facts and circumstances. You see, in which * * No second home. If you personally, I have to use it Does not qualify as investment property. If you regulary Not so flip a house, that investment will be. Form 4952 through Investment flows are interested in answer to certain investment tax schedule If you answered flipped the house on a regular basis gain / loss If you fail to schedule, the schedule will be C.
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