Feb
18
time needed to officially own investment property in order to sell for capital loss?
Filed Under (Property Investment Advice) by admin
property investment
Carissa B asked:


how long do you have to own investment property in order to take a capital loss with tax benefits on the sale of the property?

Paul

Comments

Christopher B on 18 February, 2009 at 7:12 pm #

1 Day.

If you own a property, you own it. If it depreciates in value, you can include that in your next tax return as a depreciation of assets and get a tax deduction for it.


Post a Comment
Name:
Email:
Website:
Comments: