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Get your taxes done using TurboTax
@jpatul wrote:
inherited a home and sold it. Can selling costs (commissions etc) or seller closing concessions be deducted from the gross proceeds or increase basis ?
You can deduct various selling expenses from your gross sales price.
See https://www.irs.gov/publications/p523#en_US_2020_publink100072704
‎July 10, 2021
7:31 AM