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Investors & landlords
The loss should have been allowed and that is how you arrive at the $27,900. If the loss was not allowed, the basis would have been higher.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎June 6, 2019
1:20 PM