I sold a business, can I sell my home to a family member for a loss (at appraised value) to offset the tax on the business?

My home is worth at least $100,000 less than what I paid for it, which is what I sold my business for, but I want to continue to live in the home. I started the business myself and didn't buy it from anyone.

Is there any way to get the write off and still be able to live in the home?

TIA

the bottom line'd be: You can sell your house to whomever yoiu like and for whatever price you choose ;there are no legal reasons to prevent you from selling at a heavily discounted price to a family member;however,even if you sell your home at a loss, you can not deduct the amount from your taxes to offset the ta on the biz unless th epty is rental/ investment pty. ;If you sold rental or investment real estate at a loss, you may be able to deduct that loss from your taxes.If you sold your investment property for less than your cost basis, you have a deductible loss. You can use that loss to offset all your capital gains from other investments and up to $3kin income from other sources in the current year. You can carry any remaining loss forward to offset capital gains and $3k of other annual income in future years until the loss is used up. If you sold your personal residence at a loss, that loss is not deductible.