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Looks like user error to me, though I'm not a tax expert.

If you paid 150 and sold for 142 that sounds like an 8K loss.

Maybe you missed the fact that this property was converted to a rental several years after purchase, when its FMV had declined.

If you want a glimpse of how it works, see Pub 527. When I sold a rental I engaged the services of a pro to do that year's return. No way I was touching it.

Rule Your Retirement Home Fool
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