I sold my house for less that what I paid. I owned it less than 2 years. Can I claim a loss on my taxes?
I know that if you sell your home within 2 years and make a profit, the government requires that you report it as income. But since I lost money, and sold it within 2 years, can I claim it as a loss? I bought the house as an investment to fix up and flip for more money, but the market screwed me over.