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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: ChanceIs who wrote (108253)3/6/2008 4:28:11 PM
From: saveslivesbydayRespond to of 306849
 
Cancels, it seems to me that it's investment property if one files a schedule E, and then they can take a capital loss (likely a passive carry-over loss).

Otherwise it's just a "second home" - in which case there is no way to claim a loss.

I'm not a real tax expert, but I did stay at a holiday inn express last night!

I mean, I'm not a tax expert, but I have been doing real estate investment for years.