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How to deduct money given to buyer for repairs in settlement statement and purchase of home warranty for new buyer
I sold a rental property this summer with a 15 day closing schedule. Some of the windows were fogged and the buyer wanted the windows replaced. We offered money at closing and it's reflected in the seller's settlement statement. Where, in TurboTax, would I report that expense for a deduction?
Is the purchase of a home warranty for the buyer deductible and, if so, where would I report that cost in TurboTax?
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‎October 26, 2020
2:02 AM