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Subject:  Capitol Loss - House Destroyed Date:  3/28/2001  5:13 PM
Author:  ArejayBiker Number:  49186 of 128039

Reading the Schedule D instructions, I believe the loss of a personal asset (a mobile home) is NOT deductible. Is this correct?

My friend purchased a mobile home several years ago, due to domestic abuse she had to abandon the mobile, and it was later destroyed (rendered worthless) by the abusive spouse. I thought this might be treated as a disposition of the asset, and a deduction taken against income, but the way I read it, this is not true. Can someone verify this?
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