You do include the closing costs in the cost basis. Monies you received at closing for land taxes would not be included in your sale proceeds. If you received money from the buyer to reimburse you for fees at closing, those would wash each other out so that would not be included in your sales proceeds either.
Fees you paid that were not reimbursed by the buyer you can subtract from your sales proceeds.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
