From: Lotana Von Amor
A couple of tax questions to experts:
If I buy an IP OTP paying 10% deposit (borrowed) and then do not settle losing the deposit, how is the deposit, interest on borrowed funds, and interest paid to the vendor for missing the settlement day are treated by the OTO? Are they deductible, a capital loss?
Lotana
A couple of tax questions to experts:
If I buy an IP OTP paying 10% deposit (borrowed) and then do not settle losing the deposit, how is the deposit, interest on borrowed funds, and interest paid to the vendor for missing the settlement day are treated by the OTO? Are they deductible, a capital loss?
Lotana
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