- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If you're buying business property and you forfeit your earnest deposit, you can write that off as a capital loss, provided the property is all business.
http://smallbusiness.chron.com/tax-deduction-related-forfeited-earnest-money-76488.html
‎June 6, 2019
3:39 AM