Can earnest money lost in a real estate transaction where escrow did not close be deducted as a loss on my tax return?

stevenbendes · ‎June 5, 2019

bwa · ‎June 5, 2019

Sorry, but if this was on real estate for a personal residence the lost deposit would not be deductible. In other situations such as rental or investment property, it may or may not be depending on whether you are actively involved in that business.

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bwa · ‎June 5, 2019

Sorry, but if this was on real estate for a personal residence the lost deposit would not be deductible. In other situations such as rental or investment property, it may or may not be depending on whether you are actively involved in that business.

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Can earnest money lost in a real estate transaction where escrow did not close be deducted as a loss on my tax return?

Can earnest money lost in a real estate transaction where escrow did not close be deducted as a loss on my tax return?

Can earnest money lost in a real estate transaction where escrow did not close be deducted as a loss on my tax return?

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Can earnest money lost in a real estate transaction where escrow did not close be deducted as a loss on my tax return?

Can earnest money lost in a real estate transaction where escrow did not close be deducted as a loss on my tax return?

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