Loss on sale of home due to job move

[skyworks]

anyone knows if there is exception to deduct loss on sale of home doe to job move?

I know there is two year exception rule for capital gain on sale of home due to job related move

[Terry53029]

No loss allowed on sale of main home. See this link:

https://www.irs.gov/businesses/small-businesses-self-employed/sale-of-residence-real-estate-tax-tips

[itonewbie · Accepted solution]

Primary residence is a personal property, so losses are never allowed.

Such kind of losses are usually addressed through the employer's relocation policy or negotiated as a taxable reimbursement or lump sum instead, often with gross-up, although these are mostly subject to a retention clause.