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Updated about 12 years ago on . Most recent reply

User Stats

17
Posts
2
Votes
Sol Dubnov
  • San Diego, CA
2
Votes |
17
Posts

losses on potential investment property

Sol Dubnov
  • San Diego, CA
Posted

We tried to purchase a property and paid money for an appraisal, but did not get approved and did not buy it. Then we also tried to get a construction loan for a house we are planning and paid the bank for another appraisal, but the loan was eventually denied. Can these expenses be deducted from profits we have from other rental properties we own? Since these losses are not directly tied to income generating properties I'm not sure how that works.

thanks,
Sol

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