|
#1
02-09-2005, 03:55 AM
| |||
| |||
 Re: Can I deduct this? FL wrote: - quote - > My wife and I were going to sell our house to a "custom
this is a personal loss, and therefore not deductible.> builder" last year. We signed a contract and were going to > buy a house elsewhere. Due to personal problems, we had to > break the contract with the builder. > In order to break the contract, we had to pay about nine > thousand dollars to him. > Can I deduct any of this money on my tax return as a loss? ChEAr$, Harlan Lunsford, EA n LA Mon 7 Feb 2005 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
02-09-2005, 03:17 AM
| |||
| |||
| Re: Can I deduct this? "FL" <welshdragon[at]ameritech.net> wrote: - quote - > My wife and I were going to sell our house to a "custom
No.> builder" last year. We signed a contract and were going to > buy a house elsewhere. Due to personal problems, we had to > break the contract with the builder. > In order to break the contract, we had to pay about nine > thousand dollars to him. > Can I deduct any of this money on my tax return as a loss? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
02-07-2005, 06:35 PM
| |||
| |||
| Can I deduct this? My wife and I were going to sell our house to a "custom builder" last year. We signed a contract and were going to buy a house elsewhere. Due to personal problems, we had to break the contract with the builder. In order to break the contract, we had to pay about nine thousand dollars to him. Can I deduct any of this money on my tax return as a loss? Thanks for your help. Frank << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deduct |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| can I deduct business loss? johnmolinda@yahoo.com: I just started a retail business (S-corp) in Jan 2005. So far, I have personally spent $15,000 on getting the business started. The $15k I spent so... | Taxes | 3 | 01-30-2005 11:40 PM | |
| gifts- tax deduct. tracy: if i give my 2 children a gift of 10,000.00 each, can i take a tax deduction for the gifts? and do they have to pay taxes on the gift of money? ... | Taxes | 26 | 07-26-2004 08:02 AM | |
| Can't itemize--anything I can still deduct?? MB: This year, with the increase in the standard deduction for joint filers, I can no longer itemize. Are there any expenses traditionally on Sched A... | Taxes | 8 | 02-19-2004 02:34 PM | |
| Where do I deduct unpaid invoices? Man with a camera: Can anyone tell me how to deduct the fee (invoice for services rendered)? It is lost revenue due to a customer's refusal to pay. I have evidence to... | Taxes | 11 | 01-28-2004 10:54 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
