I filed bannkruptsy in 2009, included one particular rental property which I am no longer responsible for in the bankruptsy. In 2011, with my cooperation with the bank, the property successfully shortsaled. My question is, can I report the sale of the home on my taxes? By doing this, I would show a loss on the property, ultimatley gaining the tax benefits of deprication recapture, which reduces my tax liability for the year significantly. Is this possible?
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