sold a home due to divorce - & now married

[texbetty]

What is the name of your state? Texas

I sold a home (in 2007) due to a divorce & it was totally my gain or loss. At the time it was my main home. It ended up getting a loss on the sale. The mortgage company is looking to me for the $ 30k shortage..... and that is another subject.

However, I got married in late 2007. Now that we are filing our tax return, how can this loss be a deductible item for our joint return? Or do I have to file separately? Everything I'm seeing states that if it's my main home it's not deductible?

Help!!! & thanks!

 

[tranquility]

There is nowhere to deduct a loss on the sale of your personal residence that I am aware of.

 

[FlyingRon]

The only one that I know are catastrophic casualty losses which, traumatic as they are, divorces don't qualify.

 

[texbetty]

The mortgage company has foreclosed this matter on me. Is there anything that can be done "tax wise" for the foreclosure or loss?

 

[tranquility]

No. .

 

[LdiJ]

No. .

I am going to add one proviso, just in case the OP isn't telling the whole story. If he/she gets a 1099A or C for the remainder of the mortgage, it may not be taxable income. He/she should consult a tax professional regarding that. However that is the only tax related issue regarding the home.