Welcome Guest. Register Now!  


For 2013 Tax Tips For Year 2013.


 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 03-14-2014, 01:30 PM
Junior Member
 
Join Date: Mar 2014
Posts: 1
Question regarding mortgage deposit

To anyone who can help....

I am in the midst of buying a new home that was being built and was given a good offer very early in the building stages by a mortgage company that capped my interest rate for 1 year. The deal seemed good at the time and I took it giving a 1% deposit which I would lose if I decided to not close with them.

Well, I then got a better deal at closing from another company and had to ditch the last mortgage company/deal and the 1%.

What I was wondering about, is that lost 1% tax deductible? Doesn't it count as a "loss"

Any help appreciated.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
MFS: mortgage in spouse's name; payments via joint account; mortgage interest / real estate deduction options ohjustbob Itemized Deductions 1 03-08-2011 01:08 AM
When Must an Employer Deposit their Payroll Tax Liabilities? TaxGuru Payroll 0 02-10-2010 07:33 PM
Why does the IRS prefer taxpayers to use the Direct Deposit Option for their Refunds? TaxGuru Miscellaneous 0 03-05-2009 02:14 PM
Use Direct Deposit To Get Your Money In Your Pocket Faster Samatg For 2008 0 01-29-2009 05:03 PM
More Direct Deposit Options- Split Your Refund Samatg General 0 02-08-2007 07:10 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.