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Tax Deduction on Investment Property Sale Loss
Hi,
I have sold property which I have considered it as investment property, as I have never lived in it.
In year 2020, It was never rented out as it was put on sale. It was later sold in Oct 2020, and generate a loss.
Can I still deduct the sale loss given it is not rented out?
March 11, 2021
6:52 PM