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Deductions & credits
You don't need to itemize the costs - they are an adjustment to the basis, so add the improvements to the price you paid for the home. Enter the proceeds as the net $ you received after commissions and expenses. Expenses include:
- Any sales commissions
- Any advertising fees
- Any legal fees
- Any mortgage points or other loan charges you paid that would normally have been the buyer's responsibility
- Any other fees or costs to sell your home
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‎April 14, 2024
2:47 PM
11,718 Views