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Buyer paid closing costs
We sold a second home in 2020. As part of the closing the Buyer (yes not the Seller) agree to pay part of the Seller's closing cost.
1) Is the Buyer payment towards the Seller's closing cost part of the overall home purchase price? For example, Purchase Price = Selling Price + Buyer Paid Towards Seller Closing Costs
2) As the Seller am I able to claim all closing costs on my taxes regardless of who paid for them?
‎December 19, 2021
6:35 AM