Bilgerat
Level 2
03-20-2023
07:08 PM
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The person that bought the rental was a neighbor to the property in question. Taxpayer told me the neighbor had asked several years ago if it ever became available they wanted to buy. Not a relative or related party to the best of my knowledge. So, you would treat it like a 2nd home and not deduct any loss? Plug the basis to make it 0?