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Financial Planning / Tax Strategies


Subject:  Re: Need All Experts - Part II Date:  5/29/2013  6:11 PM
Author:  vkg Number:  118638 of 129521

A hopefully not to stupid of a question.

A loss on a personal residence is not deductible. In this case, the loss is in the value of the loan. The loan was "settled" with property that had lost value. Is the loss a deductible loss?
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