@lindayoung7700 wrote:
I don’t have to report the sale of my home since I’m Single and profit was only $70,000, but can’t I still deduct the Taxes paid and Seller Commissions, etc. paid at Closing on my return? If so, where do I enter that information in the App? Thanks.
No. The selling expenses are not deductible on a tax return, Those can only be used to reduce the selling price of the home.
