Inherited condo sale

Family inherited a condo 4 years ago, family used it a few times for vacation, been vacant for most part. Never rented. The condo was sold at a loss, can the loss be used on a return since it wasn't main residence for anyone?

tks all

bw

Reply to
bh2os62
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=============Personal losses of this type are not deductible. Had you not used the property at all, you could have tried for an investment loss.

Reply to
D. Stussy

This sounds like might be investment property, which makes the loss deductible. But I'm not sure. It's certainly not business property as you didn't depreciate it, file Schedule E, etc.

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remove ps

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