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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