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Matthew M.
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Incorporating losses into deductions?

Posted Jan 28 2022, 07:47

Without doing anything illegal i would like some crafty advice on incorporating losses incurred on the failed acquisition of another property, into my expenses for 2021.

Background: I have only one rental property which ill be deducting the standard expenses from the income.

I have a loss from the failed acquisition of another rental property in the form of 50% of an earnest money deposit being held. I would somehow like to incorporate this into my expenses for 2021 somehow.

Any ideas?

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