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Reporting Sale of an Inherited Home
What sales expenses that were paid by the seller can be included when completing the 1099B when reporting proceeds from the sell of an Inherited Home. These fees were not deducted from the gross proceeds reported on the 1099S I received. As the seller we paid all of the following expenses at closing but not sure which of these can be reported as "Sales Expenses" in Turbo Tax reducing capital gains.
Points
Commissions
Doc Prep Fees
Property Taxes Owed
Title Fees
Recording fees
‎February 15, 2025
10:27 AM