Enter closing costs as a selling expense. Selling expenses are entered along with the sales price in the asset/depreciation section of the rental summary, when you dispose of the asset.
-
First, indicate that you sold the rental on
the page, Do Any of These
Situations Apply to This Property? Then continue until
your reach the Review Your (property name) Rental Summary page.
-
Select Sale of Property/Depreciation and continue until you reach the Your Property Assets summary. If you don't see the
asset listed, add it as if you still owned it. Otherwise, select Edit, next to
the property and continue to enter cost data and mark boxes that the asset was
sold.
- Continue a few more pages until reaching the Sales Information page. Finally, enter your sales price and selling expenses.
See attachments.
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