I have a house I don't like, and need a loss for this year..

[Daniel Hart]

I need to find losses for this year to offset some gains. I have a house that I don't care for, and my basis is $48k. I am already will to let it go for $40k, but its hard to find a buyer in this neighborhood.

Are there any creative strategies I can use to show this house being sold at a loss for tax purposes? Installment sales? Selling to another entity I control? Owner financing/installment sales?

I need tax deductions this year ........... :)