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Updated almost 6 years ago on . Most recent reply presented by

Li Tolentino's profile image
Li Tolentino's profile image
Li Tolentino
  • from Pasadena, Ca
  • Member since Jan 19, 2018
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25
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Li Tolentino's profile image
Li Tolentino's profile image
Li Tolentino
  • from Pasadena, Ca
  • Member since Jan 19, 2018
Connect
Li Tolentino
  • Pasadena, Ca
1
Votes |
25
Posts
Tax, SDIRAs & Cost Segregation

Tax Return -can I deduct inspection cost for cancelled contracts?

Li Tolentino
  • Pasadena, Ca
Posted

Last year I spent about $1600 on inspection cost and appraisal fees for two properties that I ended up not purchasing them. I did purchased two other rental properties. Is there a way to deduct them on my tax return? Thank you. 

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