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We purchased a pre-sale condo and paid deposits in 2024. This is not for renting but for living. Do we need to report anything when filing a tax return?
TaxJay
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We purchased a pre-sale condo and paid deposits in 2024. This is not for renting but for living. Do we need to report anything when filing a tax return?
March 18, 2025
7:30 PM
TurboTaxSusan
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No. You only need to report the sale of property, not the purchase.
March 20, 2025
10:08 AM
