Sold rental for 160k. Paid closing costs for borrower of 11k, 4500 seller contr:; 100 option fee, title premium adj of 1076, 1126 in taxes. Can I report sale as 142k
Sold rental for 160k. Paid closing costs for borrower of 11k, 4500 seller contribution, 100 option fee, title premium adjustment of $1076, 1126 in taxes. Can I report sale as @ $142k, or do I have to report as $160k?
