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    sierrared Posts: 1, Reputation: 1
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    Mar 29, 2008, 03:35 PM
    Capital Loss on Inherited Home Sale
    I inherited my mother's home in June 2006 selling it in Mar 2008 at an approximately $85,000 loss. I called the IRS and was told the entire loss is fully deductible and not subject to the $3,000 normal limit. I'd appreciate knowing what IRS Topic or Publication would clarify this issue?
    Thanks

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