Obama's first failed appointment

sugarpop · 04-05-2009, 11:13 AM

I don't understand why they wouldn't have been able to take deductions on their taxes since they sold the house for less than what it was worth. That is a loss. Aren't you supposed to be able to claim losses on your taxes? And the charitable contributions, they have to have a letter? I thought a receipt would do.

The friggin' tax laws are so complicated in this country, it doesn't surprise me at all that so many people are having trouble with that part of the confirmations.

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04-05-2009, 11:13 AM	#1
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	I don't understand why they wouldn't have been able to take deductions on their taxes since they sold the house for less than what it was worth. That is a loss. Aren't you supposed to be able to claim losses on your taxes? And the charitable contributions, they have to have a letter? I thought a receipt would do. The friggin' tax laws are so complicated in this country, it doesn't surprise me at all that so many people are having trouble with that part of the confirmations.

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