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.
021266
1 Best answer
MinhT
Expert Alumni
Jun 6, 2019 12:13:39 AM
You can add this amount to the sales expenses (as they would be put to your charge on the closing statement).
2 Replies
MinhT
Expert Alumni
Jun 6, 2019 12:13:39 AM
You can add this amount to the sales expenses (as they would be put to your charge on the closing statement).
chreechree
Returning Member
Jun 6, 2019 12:13:41 AM
That's what I guessed but wanted to make sure. Thank you for your help!