Quote:
Originally Posted by Chrissjbfd
I had my investment rental property foreclose on me due to a divorce last year my question is can i write off the loss on the house it was valued at $380,000 and i foreclosed it for $310,000. i know you cant on a primary residence but it was a Rental and had been for the last 5 years. any help would be great thanks Chris
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I'm not sure I'd take any posting on a thread as valid when talking about tax issues. (not a very good defense to jail..
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I would suggest you talk to your local accountant about how to handle this, and the accountants fee you can write off