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January 6, 2023
Question

Real Estate Appraisal Consultant fees

  • January 6, 2023
  • 2 replies
  • 29 views

Are Real Estate Appraisal Consultant fees deductible in Schedule A for work by my Appraiser did for investigating, collecting data and providing an analysis of the appraised value of my home?

    2 replies

    DoninGA
    Level 15
    Level 15
    January 6, 2023

    No

    Level 15
    January 6, 2023

    Appraisals are not tax deductions, and they are not allowable adjustments to the cost basis, either.

    See publication 523.

    https://www.irs.gov/forms-pubs/about-publication-523