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Deductions & credits
Yes, you would include the relevant acquisition costs to the cost basis of the property. The selling expenses would reduce the proceeds.
If you received a 1099-S for the sale in your closing documents, report the purchase price as it is reported on that form in the Investment Income section of your return. On the next screen, Let us know if any of these situations apply to this sale, select I paid sales expenses that aren't included in the sale proceeds reported on the form.
March 7, 2022
8:27 AM