Paid $22K for in home construction. Work was only started and never completed. Had to pay another contractor $25K to complete the work. Can I deduct the loss.
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Can I deduct the loss.
It depends on the nature of the loss. It would not be a deductible loss if it was merely shoddy workmanship. However, two deductible categories come to mind:
Can I deduct the loss.
It depends on the nature of the loss. It would not be a deductible loss if it was merely shoddy workmanship. However, two deductible categories come to mind:
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