531851
I was going to purchase a new home from a builder. They required a deposit from me to start the design and building process. During the design process the cost of the home increased to the point where I could no longer afford to purchase the home... and I lost my deposit. Is there any way I can report this lost deposit as a loss on my taxes? The deposit amount was $25,000.
You'll need to sign in or create an account to connect with an expert.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17522839879
New Member
Bmck345
Level 2
s d l
Level 2
atn888
Level 2
sandeep_londhe-h
Returning Member