What are the tax implications of receiving earnest money if a pending sale falls through?

"Pending” means that a contract is complete for selling a property with no conditions attached and the home is no longer considered an “active” listing. In ... The term pending house means the buyer and seller have agreed to each other's terms and all contingencies have been met so it's been marked as pending and is ... In real estate, “pending” refers to a property that is under contract to be sold. This means that the seller has accepted an offer from a buyer, ... Aug 16, 2024 ... What Does Pending Mean in Real Estate? ... In real estate, "pending" indicates that a seller has accepted a buyer's offer and both parties have ... Jun 26, 2023 ... When a home sale is marked as pending, it signifies that the seller has accepted an offer from a buyer. It also means the property is no longer ... May 17, 2024 ... What Does Pending Mean in Real Estate? Pending means that a sale is currently being processed. The sale either never had contingencies or had ... Sep 30, 2023 ... When a home sale has a status of pending, it means that either the seller has accepted the buyer's offer without contingencies and they have ... Sep 25, 2023 ... What Does "Sale Pending" Mean? ... When a property is marked as "Sale Pending," it indicates that the seller has accepted an offer from a buyer, ... Aug 2, 2024 ... Pending in real estate means the seller has accepted an offer, and certain conditions and contingencies have been met. Apr 18, 2024 ... A pending status means a home sale isn't complete. So, in theory, you could still visit the property. But if the seller signed a contract ...