My father passed away in September 2024. His house was appraised for $450,000. We are in a down market now in Florida. Houses in the area on his street are now going for $390,000. If in 2025 I sold it for $390,000 and let’s say after expenses like paying a real estate agent the amount netted and distributed to the 4 Beneficiaries was $375,000 divided equally by 4 can the $75,000 (divided by 4) loss also be distributed on their 2025 taxes? Thanks!
