Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-04-2014, 12:58 PM
Junior Member
Join Date: Feb 2014
Posts: 1
Loss on Property Rehabbed But Did Not Own

In 2011 I rehabbed a property that I did not own. A private investor purchased the property with his money. I rehabbed the property with my money. Any profit or loss would be split 50/50. The property did not sell until mid-2013. I incurred a total loss of 14,000 after all expenses were taken into consideration. Am I (and if so where would I be) able to deduct this loss on my 2013 taxes?

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Help with Form 4797 and sold rental property for a loss millironzb Rental Real-Estate 8 02-04-2014 06:00 PM
Capital Gains/Loss on converted property Avert Capital Gains 3 09-25-2013 05:17 AM
Total loss-selling rental property angrywoman Rental Real-Estate 4 12-29-2012 01:16 AM
Deduction of Loss from Investment Property CAScott Capital Gains 1 04-19-2012 04:33 AM
How does a taxpayer report a loss on sale of a rental property on their tax return? TaxGuru Rental Real-Estate 0 09-15-2009 01:33 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning