Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

78
Posts
15
Votes
Rocco Swinney
15
Votes |
78
Posts

Deduct costs spent on investment property that didnt close?

Rocco Swinney
Posted

hi all

I have an investment property under contract. It all has been going smoothly, but to make a long story short. Its starting to go south. I spent about 1.5k between dd, etc.

My question is If i terminate i believe i can writeoff the loss?

I have a few rentals that all are in my name and not in an llc, but this property is under contract as an investment (not primary or secondary)

Appreciate the help, as ive terminated on primary residences, but havent on an investment before

Loading replies...