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Deductions & credits
Sales expenses include most items that would not be separately deductible on your taxes or loan fees.
Sales expenses 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
Sales expenses do not include:
- mortgage payoffs or interest
- home equity loan payoffs
- rent-back costs
- payoff to creditors
- property taxes
- home owner association fees
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‎July 7, 2020
6:57 AM