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Brad Barnard
Karl E. Kaebel Realtor
511 Elizabeth Street
Pekin, Illinois, 61554
Office: 309-241-0313
Cell: 309-241-0313
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Rent vs. Buy Calculator

Am I better off renting or owning? This calculator will show you the financial differences between the two.
$   Current Rent
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    Total PITI
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$   This is your rent over the period
$   This is mortgage over the period
loss from selling your home | Print |

Can I deduct the loss I suffered when I sold my Pekin Illinois area home?

The Internal Revenue Service currently does not allow deductions for losses on the sale of your own home. In fact there's no way to use a loss on the sale of your principal residence to your advantage on your income tax return.


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Last Updated ( Thursday, 04 September 2008 )
 
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