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Subject:  commercial real estate: "earnest money" Date:  3/19/2000  1:14 AM
Author:  onyxina Number:  32095 of 127534

I am a partner in a newly formed commercial real estate partnership (very small business). Can anyone tell me if the "earnest money" deposit for a commercial real estate purchase is a deductible expense ? I am preparing a partnership Form 1065 for 1999 and this is a sticking point. Thank you.
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