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True or false: The loss on the sale of a principal residence is classified as a deductible capital loss.
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Jan 9, 2022
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True or false: The loss on the sale of a principal residence is classified as a deductible capital loss.
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Frerk Morrin
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The answer is true not false
Ariana
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Jan 14, 2022
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If a residence is classified as personal/rental use property, the expenses that are deductible anyway (i.e. real estate taxes and mortgage interest) must be deducted first.If a positive net income results,
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