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Appreciate the help, I didn't think I could take the loss, but it just doesn't seem right. Losing $150k and not being able to take the tax loss (at least vs. capital gains on other assets) is a big bummer. Thanks for the help.

I recently built a house in Danvers, MA that was meant to be a home for my family. During the build, my wife and I divorced. I am currently selling the house at a substantial loss. No one has ever lived in the house and it has never been a primary residence for any of us (or anyone else). Is it...