Skip to main content
Level 2
October 10, 2023
Question

Deduction for tax preparation services for home sale?

  • October 10, 2023
  • 1 reply
  • 9 views

Last year, our accountant charged us an additional, separate fee for preparing the necessary form related to the sale of our home. Our income tax preparation service fees are not deductible, but is this fee deductible as a home expense? Where would I enter it? Thank you.

1 reply

Level 15
October 10, 2023

Add the expense to your cost basis. 

laura7Author
Level 2
October 10, 2023

I'm not sure what you mean. To clarify, we sold the home in 2021, and we were charged the fee in 2022.

Level 15
October 10, 2023

There is no deduction.