Taxes on Sals of a Property at a loss

[Brandon Williams]

Hey folks, bad news on my end. I’m selling an apartment at a loss and I was curious my tax implications.

Scenario: Apartment, Purchased at $150k, selling at $125 in under 12 months (long story, don’t ask)

No major improvements made that would contribute to my cost basis.

This would be a $25k loss, correct? And would I reduce my taxable income by that amount on my 2019 tax return?