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Publication 523 2000 Tax Year

Loss on Sale

This is archived information that pertains only to the 2000 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

You cannot deduct a loss on the sale of your home. It is a personal loss.

Payment by employer. You must include in income any amount your employer pays you for a loss on the sale of your home or for expenses of the sale when you transfer to a new location. Do not include the payment as part of the selling price. Your employer will include it in box 1 of your Form W-2. Include it in your gross income as wages on line 7 of Form 1040.

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