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might consider renting thehouse instead of selling it. Rent it in good faith for at least twelve months and later sell it at a loss and the loss can be deducted on your income tax return. It is treated like a loss from the sale of any other business property. While you rent the house, you can also benefit from other real estate tax benefits such as depreciation.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, REALTOR, The Gopton House, Washington, Va. 22747. Phone: 675-3400. We're here to help.
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