| http://www.w3.org/ns/prov#value | - The abandonment loss is deducted in the tax year in which the loss is sustained.You cannot deduct any loss from abandonment of your home or other property held for personal use.taxmap/pubs/p4681-005.htm#en_us_publink1000244157Example.(p12)In 2006, Anne purchased a home for $200,000.
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