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Can I deduct realtor commission for farm land sold in 2019 to prevent paying capital gains taxes on $280,000?
June 5, 2019
4:56 PM
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Deductions & credits
Yes, whenever you have an asset sale you can deduct the closing costs and other fees/commissions paid that were incurred to sell the asset.
It will reduce the profit made on the sale.
June 5, 2019
4:56 PM