Yes. It can be added to Sales Expenses to reduce any potential capital gain.
Sales expenses are listed in the sellers column of your
settlement statement and include:
- commissions
- appraisal fees
- broker's fees
- legal fees
- advertising fees
- home inspection reports
- title insurance
- transfer taxes or fees
- geological surveys
- loan charges (points) or other
fees paid on the buyer's behalf
- any fees for a service that
helped you sell your home without a broker (listing fees, promotional
fliers, etc.)
Sales
expenses do not include:
- mortgage payoffs
- home equity loan payoffs
- rent-back costs
- payoff to creditors
- property taxes
- home owner association fees
