How to report closing expenses on sale of property?

Dan2023a — Wed, 11 Feb 2026 07:02:07 GMT

I sold a property in 2023. When I received a closing statement from the escrow company, all the expense included on the sale( seller credit, commission- listing and selling agent, escrow fee etc. ) do I includes all these fees in the in the Sale of property/ Depreciation section , or the Expense section, or both?

Thank you

Re: fee from closing statement from escrow

RobertB4444 — Fri, 01 Mar 2024 20:47:14 GMT

Those are the costs of the sale. Include them in the sale of property section under 'Expense of Sale'.

@Dan2023a

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How to report closing expenses on sale of property?

Re: fee from closing statement from escrow