another thought is if you held the property for investment purposes, did not use it personally other than when working there, planned on improving it souly to sell it when markets appreciated, it would be sale of an investment property and your costs would be added to basis received and a loss could possibly be taken depending on how you treated it over the years, speak to a tax advisor
**I don't work for TT. Just trying to help. All the best.
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**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
