Earnest money for down payment on new house - deductible?
Joshua • Multi professional
Dixon Garcia
CPA, FlyFin
If the expense includes any interest portion, you can claim it as deduction.
Upvotes (0)
Dixon is one of the best tax experts from the United States. He has an experience of 28 years in the field of corporate finance. Before FlyFin, Dixon had served as the Tax Head at KPMG, NJ.