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Loss on short sale, dedcutible?


Question by Bruce:
 

owned a house for 20 yrs paid 82,000 in 1988, sold on a short sale for 187,000, from 2004-2008 i invested 140,000 in remodeling of the house--it was appraised at 325,000, can i deduct the 140,000 of my personal money for a loss

 

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Answer --> Question 125382
 

 
Related topics:
Short Sale  Princpial Resident  Long Term Capital Gain   Capital Loss
 

 

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