The scenario:
Executor of a trust in which we sold an inherited home within six months, so I understand on the 8949 form I'm supposed to list "Inherited" under date acquired, and the sales price (say $1.1 million) matches the Cost Basis ($1.1 million) under Fair Market Value within the six-month threshold.
Question: Do I write off sales costs (agent commissions, escrow fees, transfer tax, inspections, staging, plumbing repair, lawyer fee) under the (g) adjustment category, for say $50,000? Then my gain/loss column would be minus-$50,000?
Thank you
