Sold a rental property. it's asking for "asset sales expenses"... would that be the amount paid off? IE i sold for 100, but paid back 80 to mortgage co/realtor/etc

Forum|Forum|7 years ago
June 3, 2019
1 reply
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Are all costs (loan payoff, etc) considered the "asset sales expense"?

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LJane29

Level 6

Paying off the mortgage is not a cost of sale. Cost of sale would be things like commissions paid a realtor, title fees, costs to fix up right before the sale.

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Sold a rental property. it's asking for "asset sales expenses"... would that be the amount paid off? IE i sold for 100, but paid back 80 to mortgage co/realtor/etc

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