Absolutely. We bought at peak of the market and its never gone back to that price.Have tried to sell several times over the years with no success

Thank you all for your advice

Had no idea how complicated this was!!Property was purchased in 2007 and was primary residence for two years, after which it became a rental property (which als...

Are there maximum amounts you can deduct for loss and depreciation?

Yes it was rented out for the past 8 years.