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Investors & landlords
I concur, the loss is deductible. As long as the property was not used for personal use (unlikely if sold in a month), it is treated as investment property and the loss is deductible on Schedule D.
If you have no other capital gains to offset, you may deduct up to $3000, and any additional loss is carried forward to next year.
‎January 21, 2020
5:49 AM