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Financial Planning / Tax Strategies


Subject:  Re: inheritance of house - sale Date:  1/17/2013  5:23 PM
Author:  inparadise Number:  117384 of 127745

Yes, but if the house was inherited and not used by the beneficiary (or family member) as a principal/secondary residence, I would argue that the house is investment property. If sold to an unrelated party, a loss would be a deductible long-term capital loss.


Thanks Ira!

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