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chreechree
Returning Member

I sold a rental property and gave the buyer a seller credit towards her closing costs, not designated for a specific use (like taxes, etc.) but as a renegotiation...

Where/ how do I enter this? Do I count it as closing expenses (with realtor commission)? Do I subtract it and enter a lower sales price (seems problematic)? Other? Thanks for any help.

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MinhT
Expert Alumni

I sold a rental property and gave the buyer a seller credit towards her closing costs, not designated for a specific use (like taxes, etc.) but as a renegotiation...

You can add this amount to the sales expenses (as they would be put to your charge on the closing statement).

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2 Replies
MinhT
Expert Alumni

I sold a rental property and gave the buyer a seller credit towards her closing costs, not designated for a specific use (like taxes, etc.) but as a renegotiation...

You can add this amount to the sales expenses (as they would be put to your charge on the closing statement).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
chreechree
Returning Member

I sold a rental property and gave the buyer a seller credit towards her closing costs, not designated for a specific use (like taxes, etc.) but as a renegotiation...

That's what I guessed but wanted to make sure. Thank you for your help!

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