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I bought a condo and now its worth less than what I paid. I want to take a realized capital loss on this property this year so that I can offset some of my capital gains this year from the sales of my other properties. My in laws live there, so I just need to have someone else "purchase" it on paper so I can take the loss. Who can I legally sell this to?? Can I sell to my brother, or mom??
CPA's!! How to Sell a Home to family and take a realized capital loss?
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