I sold a property out of the state I currently work and live; it's been empty for the past 6 years. Las year I got somebody interested in renting it, but after signing the contract they decided not to move in. Later on I was able to sell it at a loss.
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No, you cannot claim investment loss, unfortunately. Since the property was never a rental property, it is considered to be your personal property, your second home. Losses on personal properties are not allowed.
No, you cannot claim investment loss, unfortunately. Since the property was never a rental property, it is considered to be your personal property, your second home. Losses on personal properties are not allowed.
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AndrewA87
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howverytaxing
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