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No. of Recommendations: 3
Assuming these numbers are in the right ballpark, it looks like this little adventure costs her about $ 60,000 or so, hopefully a lot less! Can she offset her regular earned income (around $ 80,000 p. a.) in the year of the sale of #2?

No.

@ 3,000 per year?

No.

or all at once?

No.

Your (unquoted) facts say this was personal use property, and a loss on the sale of personal use property isn't deductible. She can deduct the mortgage interest and real estate taxes paid, but that's it.

Phil

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