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.
Ordinary loss: extraordinary tax deduction. My mother died three years ago and left her home as an inheritance for my four siblings and myself. The home was probably worth about $400,000 at that time. We sold it last week for $309,000.