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Get your taxes done using TurboTax
For round numbers sake, we bought at 100K; had a roof special assessment and renovations (25 K); and sold for 115K minus agent fee and title portion = net 92,000 $
$23,000 in closing costs sounds quite high. not everything on a closing statement is selling costs, some may be deductible as taxes or interest. other may not be deductible at all and are personal expenses. still, you had a loss considering a cost basis of around $125K and a gross selling price of about $115K
‎September 19, 2022
9:48 PM
1,019 Views