Is the loss on the sale of your home deductible?
The loss on the sale of a personal residence is a nondeductible personal
loss.
I own stock which became worthless last year. Can I take a bad debt
deduction on my tax return?
If you own securities and they become totally worthless, you can take a
deduction for a loss, but not for a bad debt.
The worthless securities are treated as though they were capital assets
sold on the last day of the tax year if they were capital assets in your hands.
Report worthless securities on line 1 or line 8 of Form 1040, Schedule D (PDF), whichever applies. In columns (c) and (d), write "Worthless." For additional information, refer to Publication 550, Investment Income and Expenses (Including Capital Gains
and Losses). For more information on bad debts, refer to Tax Topic 453, Bad
Debt Deduction.
11.4 Sale or Trade of Business, Depreciation, Rentals: Sales, Trades, Exchanges
What forms do we file to report a loss on the sale of a rental property?
The loss on the sale of rental property is reported on Form 4797 (PDF), (Sale of Business Property) as ordinary loss.