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Investors & landlords
whether the buyer or seller is paying it is NOT a deductible expense.
rather. if the Seller is paying it, then it is a 'seller's expense' that reduces the capital gain (technically not an expense, but a reduction of the capital gain). if the buyer is paying it, then it is added to the cost basis of the house.
Look at the closing statement to determine who really paid the commission.
‎November 3, 2022
7:07 PM
1,585 Views