The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/a-hopefully-not-to-stupid-of-a-question-a-loss-on-30707170.aspx

Subject:  Re: Need All Experts - Part II Date:  5/29/2013  6:11 PM
Author:  vkg Number:  118638 of 121258

A hopefully not to stupid of a question.

A loss on a personal residence is not deductible. In this case, the loss is in the value of the loan. The loan was "settled" with property that had lost value. Is the loss a deductible loss?
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us