Money paid as a down payment on new house construction is that deductible?

[jspudox]

I gave the builder two checks each $6,200.00 in fall of 2016 as earnest money to start construction on a home that will be finished in May 2017.

[jerry2000 · Accepted solution]

No, that is not deductible.

[gahelmer2]

I paid a downpayment for a new house to begin construction in 2024 and it won't be finished until 2025.  Can I get the amount I paid as a deduction on my 2024 taxes?

[DoninGA]

No.  Purchasing a home is not reported on a tax return.