Thank you, but we know the expenses are not considered for the cost basis. Our question was whether the expenses incurred to close the sale are part of the expenses we can claim. The buyer wanted some items fixed before he would close, so we incurred approx. $3,000 to do them. Prior to listing the boat, we had also pulled it out of the water and had the bottom painted for approx $2,000. Are these considered the cost of selling boat? If so, how do we enter them in TT?
