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Selling at a loss? Tax deduction?

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Christine | 15 Jul 2013, 02:27 PM Agree 0
We own a rental property that has unfortunately lost value since we owned it, we are considering selling it (actually need to sell it), if we sell it for less than we paid for it, is this a tax deduction?
  • Eos Property | 08 Aug 2013, 11:15 AM Agree 0
    The capital loss will be carried forward to be used to offset future capital gains you may have.
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