The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/my-husband-and-i-sold-a-business-in-1994-and-we-13193204.aspx

Subject:  Re: Loss on real estate sale Date:  8/25/2000  9:55 PM
Author:  Pequottrail Number:  39130 of 129566

My husband and I sold a business in 1994 and we held the mortgage. In Jan. of 1999 the new owners went bankrupt and we got the property back. My husband died in March of 1999 and the estate was in a mess. I owed three years back taxes on the property and my only other income stopped for ten months. I managed to rent all the buildings for a period of six months and then that business moved. This year I have only been able to rent one of the (4) buildings for a short time. I have the property up for sale. If I manage to sell the property it will be at a loss. Can I apply that loss against interest income gains from U.S. Savings Bonds?
Thank you for your help.

Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us