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sale of rental property
I sold a rental property mid year 2021. This rental generated some income for the first 6 months . On the settlement statement, I had 2 debits in section named "deposit, credit, debit" , one debit for "service credit" and one debit for "seller concessions". Can I deduct those debits from my rental income from this property on Schedule E?
Also, I had "additional settlement charges" on the settlement statement : "lien fee search" and "estoppel fees". Are those deductible in some way? thank you
‎February 8, 2022
10:07 AM