Comments on: Investing in European Real Estate https://realtybiznews.com/investing-in-european-real-estate/98724373/ With the latest on mortgages, refinancing, real estate & home tips Wed, 30 Jul 2014 20:50:02 +0000 hourly 1 http://wordpress.org/?v=3.9.1 By: Brian Kline https://realtybiznews.com/investing-in-european-real-estate/98724373/#comment-262317 Fri, 04 Apr 2014 20:06:43 +0000 https://realtybiznews.com/?p=24373#comment-262317 I’m not a tax expert. I suggest that you explain your situation to an accountant or attorney that specializes in real estate. However, I don’t think you can write off the loss until you sell the property.
Brian Kline

]]> By: Don K https://realtybiznews.com/investing-in-european-real-estate/98724373/#comment-262314 Fri, 04 Apr 2014 19:43:18 +0000 https://realtybiznews.com/?p=24373#comment-262314 This is a good list.

I was wondering if the reduction in value of a primary residence as a result of the 2007-08 financial crisis can be claimed as a casualty loss for income tax purposes. I bought a house in the 2007-08 time period (at the height of real estate valuations) and now the house is worth a lot less than I paid for it. I can quantify the lower valuation from annual property tax bills – taxes have been reduced based on the tax assessor’s analysis. Any comments?

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