I sold my rental property but ended up losing $4000.00 on the sale because I had to pay that much to pay off my loan. Can I deduct that $4000.00 loss?

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No, you cannot deduct the $4,000. You didn't lose the money, you just used it to pay off your debt.

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No, you cannot deduct the $4,000. You didn't lose the money, you just used it to pay off your debt.

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