Re: can you deduct the cost of an abandoned real estate development

dkrause6 · ‎03-10-2021

Just-Lisa-Now- · ‎03-10-2021

well, youd have your basis (what you paid for it) and if you get a big fat zero out of it, woudnt you have a loss to deduct?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

dkrause6 · ‎03-10-2021

Sorry, I was looking at it as ordinary (with rental activities) or as capital?

Just-Lisa-Now- · ‎03-10-2021

maybe we need more information ...was this a rental property for a period of time or just real estate that you bought as an investment and never did anything with?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

can you deduct the cost of an abandoned real estate development

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.