Investors & landlords

Unfortunately, just because you pay a certain settlemnt cost, that does not mean it is added to the basis. Settlement costs on the purchase and closing costs on the sale are different. Look on your purchase statement for those costs and on your sales document for the ones listed below.

 

Sales Expenses for selling your property include:

  • Sales commissions
  • Advertising Expenses
  • Legal Fees
  • Broker Fees
  • Transfer taxes