The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (144)	7/30/2001 9:22:20 PM
From: sea_biscuit	Read Replies (1) of 306849

Is it possible to take a capital loss on real estate? i.e. let's say I put 100k down on a property that was worth 500k and borrow the remaining 400k. However, I sell it for 470k (minus 30k in commissions makes it 440k). So my investment of 100k turns into 40k :-(( Am I allowed to take the 60k as a tax loss and am I allowed to offset it against my income and/or my stock-market gains?

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