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Old December 3rd 05, 02:46 AM posted to rec.aviation.owning
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Default Aircraft tax question

TaxSrv wrote:

Whether a personal residence, or aircraft for personal use, no losses
(except for casualty loss) are ever allowed.


For whatever reason, I got a $3,000 capital loss deduction when I sold that
house. I don't remember what tax package I used that year.

George Patterson
Coffee is only a way of stealing time that should by rights belong to
your slightly older self.