An amount of $0 will be the deduction they can take for the loss on the sale.
Is there deduction for loss as taxes?
The will be no deduction on loss on sales because it is considered a nondeductible personal expense.
Hence, one can only deduct losses on the sale of property used for business or investment purposes.
Therefore, an amount of $0 will be the deduction they can take for the loss on the sale.
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