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Posted by Jules Vide on February 7, 2007, 8:07 pm
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> Was it the potential purchase of a home (your personal
> residence) or of rental real estate? If the former, your
> accountant is correct.
See? Thank you, and all the other responders, for asking.
Our accountant didn't even bother to ask us this, when in
fact the home *was* going to be a rental. In fact we were
barred from certain mortgages with better interest rates
specifically because this purchase could not be regarded as
a primary residence.
Therefore--if any of you would be so kind--could the mortage
application and accompanying house inspection cost be
regarded as investment losses?
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