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Date: 2011-05-23 01:53 pm (UTC)
From: [personal profile] rax
I'm not sad I bought a place! It was a very useful experience and the tax break will offset the majority of my losses, if I am reading the tax law correctly --- if you sell within 36 months you only have to give back the tax break if you make a profit, and if you lose more than 8000, the government insulates you. So, *fingers crossed,* my net loss may only be in the $5k range.

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