25000 Loss

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • DLSINWEST
    Junior Member
    • Jan 2008
    • 14
    #1

    25000 Loss

    Opinion Please...couple Put 25,000 Down On A House By The Time The House Is Done Values Have Dropped The Builder Wont Refund The Money, Wont Apply To It To An Adjusted House Price The Sale Fails...can I Take As A Loss? If So Sch A Subject To 2%? Schedule D?...
    Last edited by DLSINWEST; 04-07-2008, 10:24 PM.
    Tags: None
    • BHoffman
      Senior Member
      • Feb 2008
      • 1768
      #2
      Sounds like lost earnest money.

        Comment

        • DLSINWEST
          Junior Member
          • Jan 2008
          • 14
          #3
          no deduction available?

            Comment

            • Bees Knees
              Senior Member
              • May 2005
              • 5456
              #4
              No deduction available.

                Comment

                Previous template Next

                Disclaimer

                Collapse

                This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

                Working...