ARE THERE ANY TAX BREAKS ON SELLING INVESTMENT PROPERTY BELOW MARKET VALUE?

I have an investment skill which I have been renting out for 2 years. The worth of the skill has plunged during this mercantile crisis. I contingency sell the skill right away next marketplace worth as well as will take the detriment with no profit. Am I entitled to the taxation mangle since of this

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exactduke August 1, 2010 at 11:34 am

I would imagine that you will be able to write this off as a loss against your income. But check with your CPA, or tax professional.

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