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Level 1
April 5, 2020
Question

Down Payment

  • April 5, 2020
  • 1 reply
  • 1 view

I made a down payment to a private seller in 2019 but did not purchase the property until January 2020. Can I deduct that down payment on my 2019 taxes?

    1 reply

    Level 15
    April 5, 2020

    no ; down payments are not deductible items in any year,