1 The Bahamas economy is dependent on the tourism and offshore banking industries. 2  The economy in the Bahamas is steady and stable.  Constructions for hotels and resorts is booming, due to the large influx of tourists.
Loss on Sale. When you earn a profit on a real estate sale, you have capital gains. When you sell at a loss, you have a capital loss and you can deduct it. If you gains from other sales, you subtract the loss from the gain. If you have any loss left after that, you can deduct up to $3,000 from your other income, then carry the rest forward to next year.
A deductible is the portion of the claim that is the policyholderâs responsibility to pay. In Florida, there is an âAll Other Perilsâ (AOP) deductible and a âHurricaneâ deductible. The standard AOP deductible is a fixed amount, which is usually $1,000. The hurricane deductible is a percentage, usually 2%, of the dwelling coverage on a single family home and 2% of the personal property coverage (or $500, whichever is more) on a condominium unit policy.