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Investors & landlords
As the seller, expenses assocuated with your disposition of your original mortgage (that was paid off on the closing date of your sale) are a flat out deduction. I expect you to have loan related charges as the seller.
Expenses associated with your disposition of the property are added to the cost basis of the property. I would not expect you to have any charges associated with this. But you most certainly could!
‎July 9, 2020
4:47 PM