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Old 02-14-2011, 11:43 AM
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Oil spill deduction?

I purchased a condo in Gulf Shores, AL in Jan 2010. The value of the property has dropped in no small amount due to the oil spill situation. Can this loss of value be claimed on my taxes? I do not rent the property, so I don't have a claim in that way, but I do have an appraisal when I bought and a new appraisal last week.



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