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If this was your main home or vacation home then a loss is not deductible because of the personal use aspect.
Legal fees can be deductible but only if the expense was necessary to produce taxable income on the return and if you can itemize deductions. In this case the real estate transfer tax is part of sales expense that reduces gain or increases the loss and are not actually a separately deductible item.
If this was your main home or vacation home then a loss is not deductible because of the personal use aspect.
Legal fees can be deductible but only if the expense was necessary to produce taxable income on the return and if you can itemize deductions. In this case the real estate transfer tax is part of sales expense that reduces gain or increases the loss and are not actually a separately deductible item.
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