Off Topic
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
Wholesale deposit loss - anyway to deduct on taxes?
Hi,
Before you say, ask a CPA, my people is online turbo tax. I only have one rental, so never got a proper CPA before. We did try to acquire another property. It was a wholesale house where you have to put a Deposit of $10,000 down. We ended up walking away and lost the $10,000. Any tips to write it off on taxes?
I saw this
https://support.taxslayer.com/... this
https://www.bankrate.com/taxes...
Thoughts?
Thanks,
Kitty