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.
The percentage of business use would be 55 percent. If total automobile expenses for the year equaled $15,000, only $8,250 would be tax-deductible. Some real estate agents prefer to take the standard mileage deduction, which is 50 cents per mile for 2010.