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loss from selling your home

Can I deduct the loss I suffered when I sold my Langley, White Rock and Surrey area home?

The Internal Revenue Service currently does not allow deductions for losses on the sale of your own home. In fact there's no way to use a loss on the sale of your principal residence to your advantage on your income tax return.


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Last Updated ( Thursday, 04 September 2008 )
 
Remax Treeland Realty