GiseleD
Expert Alumni

Deductions & credits

Unfortunately, we cannot make calculations for you in this public forum. However, there are many sales expenses that you can use to mitigate potential tax on the gain on the sale of your primary home. Here is what to look for:

  Advertising expenses

  Appraisal fees

  Attorney fees

  Closing fees

  Document preparation fees

  Escrow fees

  Mortgage satisfaction fees

  Notary fees

  Points paid by seller to obtain financing for buyer

  Real estate broker's commission

  Recording fees (if paid by the seller)

  Settlement fees

  Title search fees, and

  Transfer or stamp taxes charged by city, county, or state governments.

 

The related fees from your closing disclosure will go in the Easyguide fields. 

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