Tag: Real estate tax deductions

Selling an investment property can cause either a gain or a loss. As for the former, it becomes a part of your taxable income; the latter on the other hand arises as a slight tax planning opportunity – a chance to lower your tax bill. This article presents to the readers the basic laws and subtleties of the loss of a sale of investment property deduction. Understanding Loss on Sale of Investment Property A sale of investment property leads to a loss when the property is sold for an amount that...