topic I tried to purchase a house and lost 20000 because I couldnt close. Is that a deductible expense? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-tried-to-purchase-a-house-and-lost-20000-because-i-couldnt-close-is-that-a-deductible-expense/01/203496#M26716 <P>Had to back out of a transaction and was forced to surrender my deposit.</P> Sat, 01 Jun 2019 17:49:36 GMT wjwojcik01 2019-06-01T17:49:36Z I tried to purchase a house and lost 20000 because I couldnt close. Is that a deductible expense? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-tried-to-purchase-a-house-and-lost-20000-because-i-couldnt-close-is-that-a-deductible-expense/01/203496#M26716 <P>Had to back out of a transaction and was forced to surrender my deposit.</P> Sat, 01 Jun 2019 17:49:36 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-tried-to-purchase-a-house-and-lost-20000-because-i-couldnt-close-is-that-a-deductible-expense/01/203496#M26716 wjwojcik01 2019-06-01T17:49:36Z No. That is a personal expense. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-that-is-a-personal-expense/01/203526#M26720 <P>No. That is a personal expense.&nbsp;</P> Sat, 01 Jun 2019 17:49:38 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-that-is-a-personal-expense/01/203526#M26720 Bsch4477 2019-06-01T17:49:38Z