Ryan McGrail
New Member
- Jurisdiction
- Massachusetts
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 possible to deduct the loss on the house as an investment property? Or since it was meant to be a primary residence, it will be viewed as a residential property anyways. The loan was a construction loan that converted into a 30 year fixed.
Thanks for all your help.
Thanks for all your help.