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URL:  http://boards.fool.com/yes-but-if-the-house-was-inherited-and-not-used-30491716.aspx

Subject:  Re: inheritance of house - sale Date:  1/17/2013  5:23 PM
Author:  inparadise Number:  117384 of 121572

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.

Ira


Thanks Ira!

IP
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