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Updated over 8 years ago,

Snehal Ambare's profile image
Snehal Ambare's profile image
Snehal Ambare
  • from Orlando, Florida
  • Member since Jul 5, 2016
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Snehal Ambare's profile image
Snehal Ambare's profile image
Snehal Ambare
  • from Orlando, Florida
  • Member since Jul 5, 2016
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Snehal Ambare
  • Orlando, FL
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Tax, SDIRAs & Cost Segregation

Primary Residence converted to Rental - Capital Loss

Snehal Ambare
  • Orlando, FL
Posted

Hi! We bought our primary residence in Orlando FL in 2006 for $260,000. This year we are buying a new home and looking at potential to convert our current home to rental property. Would we be eligible to get tax break due to loss? Based on Zillow our current estimated value is $181,000.

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