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Should I claim the $57,000 loss on my rental property even if I never claimed the rental income and expenses on prior returns?
Bought home for $302,000 in 2006. Lived it in for 3 years. Started renting it out in 2009 and rented it every year until I sold it last February for $245,000. I never claimed the rental income or expenses on a tax return primarily because I never profited. Can I claim the loss plus sales commissions despite not filing "correctly" in the past?
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‎June 6, 2019
9:38 AM