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I have sold my house with a loss. Is this loss tax deductible? |
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Article Number: 86 | Rating: Unrated | Last Updated: Sun, Nov 27, 2011 at 11:19 PM
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If you sell your house with a loss, this loss is not tax deductible. On the other hand, if you sell the house with a profit this profit is not taxable either (as long as it is not your 'business' to sell houses).
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