Real Estate Tax QuestionI owned a 2 family (2 family flat) residence for over 30 years. For over 20 years, I lived in 1 unit & claimed a 40% homestead exemption.Last year, I moved, & both units became investment property in December 2012.In October 2013 I sold this property for $8.500.00., a loss of $17,900.00.Since this was investment property when sold, can I legally claim a loss on my IRS 1040 for 2013?Thanks in advance,UniDecember 18 2013 - Detroit0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.