Taking a Tax Loss When Property Value Declines



In today's episode of "Money and Happiness," DailyFinance's Laura Rowley turns to taxes. A reader asks: If I sell property at a loss, can I deduct it on my taxes? Watch the video for the answer.

Got a question for Laura? Check out more Money and Happiness videos on DailyFinance.


See also:
Top Tax Deductions By Room
Don't Let High Property Taxes Stall Your Home Purchase


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