Can you get a tax break for selling your house at a loss?

If you’re hoping for a tax break for selling your house at a loss, the rules will probably disappoint you. In most cases, the IRS doesn’t let you deduct the loss if you sell your primary residence for less than you paid. However, if you used the home in question as a rental or investment property, you could score a capital loss deduction. Some cases could earn you a coveted “ordinary loss” when you file. Let’s dive into what tax professionals say you need to know about navigating the tax code when deductin ...