We do keep the money no matter if the buyer defaults. My question is, does the $50k get calculated as Capital Gains for 2025, so a separate percentage than our ...
From what I have read, we pay taxes in the year we gained control of the money and we received $50k of the Earnest Money in 2025 so would pay taxes on that port...
I saw someone comment on a somewhat similar question that the Ernest Money needs to be claimed in the year we gained control of the money. We deposited the $50k...
