Non-refundable deposit

Itemized Deductions Schedule-A

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01-14-2015, 09:31 AM

Mhoffma8

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Join Date: Jan 2015

Posts: 1

Non-refundable deposit

I put a 7,500 deposit down to build a new house. We backed out of the deal and will not be getting any of our deposit back. Is there a way to deduct that on our taxes??

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