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February 1, 2025
Question

can i deduct a loss on inherited property sold that was never rented and was vacant. Loss was created by closing fees and improvements

  • February 1, 2025
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    February 1, 2025

    Yes, if it was an arm's length transaction to an uninterested party and there was no personal us of the residence, you are able to claim a loss on the sale of the property.