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C Rich
  • chitown, MD
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Earnest money losses and other investment fees deductible?

C Rich
  • chitown, MD
Posted Mar 7 2012, 19:23

When investing, are the earnest money losses for deals rejected and other fees (commitment fees, accountants fees, legal fees) deductible on your taxes?

Let me know your experience and if you can post the reg(s) or IRS pub(s) that support your opinion, that'd be great, too.

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