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Author: Katrat Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121435  
Subject: Real Estate Sale Losses Deductible? Date: 3/9/1999 2:01 AM
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I sold a home in 1998 for $120,000. I originally paid $130,000 in 1990 and added $20,000 in home improvements to raise my cost basis to $150,000. My tax preparer stated that losses on sales of principle residence is now deductible under a recent tax revision. Is this true?
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