Legal Question in Real Estate Law in Florida

Nstaafl

Jul 18, 20:17 EDT

I inherited my mother's condo upon here death in April 2015. Miami Dade Tax appraiser had it valued at $511,570. However, I was only able to sell it for a net (less doc stamps, pro-rated RE taxes and commission) of $435,720 after being on the market for almost a year. Is the $75,850 deductible as a loss?


Asked on 7/20/16, 7:02 am

2 Answers from Attorneys
Barry Stein De Cardenas, Freixas, Stein & Zachary

This is a question for your CPA not a general attorney issue. It likely involves your own personal tax situation as well which obviously is unknown.

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Answered on 7/20/16, 7:19 am
David Slater David P. Slater, Esq.

Doubt it. Ask your accountant.

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Answered on 7/20/16, 8:23 am


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