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Financial Planning / Tax Strategies


Subject:  Re: Loss on rental house Date:  11/24/2012  11:27 PM
Author:  RBMunkin Number:  116966 of 124774

So the tricky part is coming up with a FMV. That's quite a gray area, not set in stone. Realtors can't even really come up with the value of a house in current time, using comps, let a lone from 3 years ago.
It would be typical of them to say a range like, $130K to $170K but for tax purposes even $10K is a BIG difference. No one can estimate the FMV of a house that closely.
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