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Financial Planning / Tax Strategies


Subject:  Re: inheritance of house - sale Date:  1/17/2013  11:14 PM
Author:  ptheland Number:  117385 of 127745

I'm finally back at a computer and see you've pretty much got your answer. For the record, I agree with Ira - if no one has used the house since the date of death, I'll treat it as investment property and take a loss.

Often, that loss is roughly the selling expenses, particularly when the house is sold promptly. (Which, I realize, isn't your situation.)

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