Yes. It can be added to Sales Expenses to reduce any potential capital gain. Sales expenses are listed in the sellers column of yoursettlement statement and include: commissions appraisal fees broker's fees legal fees advertising fees home inspection reports title insurance transfer taxes or fees geological surveys loan charges (points) or other fees paid on the buyer's behalf any fees for a service that helped you sell your home without a broker (listing fees, promotional fliers, etc.) Salesexpenses do not include: mortgage payoffs home equity loan payoffs rent-back costs payoff to creditors property taxes home owner association fees

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sjs888jke6116

Level 1

Question

Tax Year Prior to 2020: Can I deduct the realtor fees from the sale of inherited property

Forum|Forum|7 years ago
June 4, 2019
3 replies
2 views

No text available

TurboTax Premier Online

kll

Level 10

Yes. It can be added to Sales Expenses to reduce any potential capital gain.

Sales expenses are listed in the sellers column of your settlement statement and include:

commissions
appraisal fees
broker's fees
legal fees
advertising fees
home inspection reports
title insurance
transfer taxes or fees
geological surveys
loan charges (points) or other fees paid on the buyer's behalf
any fees for a service that helped you sell your home without a broker (listing fees, promotional fliers, etc.)

Sales expenses do not include:

mortgage payoffs
home equity loan payoffs
rent-back costs
payoff to creditors
property taxes
home owner association fees

sstclaire

Level 2

I have been trying to get ahold of someone - it won't let me do something and I know not what but I have to get my taxes filed, will someone please call me