https://ttlc.intuit.com/community/tax-credits-deductions/discussion/sale-of-rental-property/01/2459480#M232775 <P>I sold a rental property mid year 2021. This rental generated some income for the first 6 months . On the settlement statement, I had 2 debits in section named "deposit, credit, debit" , one debit for "service credit" and one debit for "seller concessions". Can I deduct those debits from my rental income from this property on Schedule E?</P><P>Also, I had "additional settlement charges" on the settlement statement : "lien fee search" and "estoppel fees". Are those deductible in some way? thank you</P> Mon, 09 Mar 2026 06:18:41 GMT lolotte 2026-03-09T06:18:41Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/sale-of-rental-property/01/2459480#M232775 <P>I sold a rental property mid year 2021. This rental generated some income for the first 6 months . On the settlement statement, I had 2 debits in section named "deposit, credit, debit" , one debit for "service credit" and one debit for "seller concessions". Can I deduct those debits from my rental income from this property on Schedule E?</P><P>Also, I had "additional settlement charges" on the settlement statement : "lien fee search" and "estoppel fees". Are those deductible in some way? thank you</P> Mon, 09 Mar 2026 06:18:41 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/sale-of-rental-property/01/2459480#M232775 lolotte 2026-03-09T06:18:41Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-sale-of-rental-property/01/2459544#M232780 <P>I sold a rental property mid year 2021. This rental generated some income for the first 6 months . On the settlement statement, I had 2 debits in section named "deposit, credit, debit" , one debit for "service credit" and one debit for "seller concessions".</P> <P>&nbsp;</P> <P>you have to determine what these are for? service credit could be in regard to a rental expense such as utilities. then it goes on schedule E</P> <P>seller concessions could be to defray the buyer closing costs which would be a cost of sale</P> <P>&nbsp;</P> <P>Also, I had "additional settlement charges" on the settlement statement : "lien fee search" and "estoppel fees". Are those deductible in some way? thank you</P> <P>&nbsp;</P> <P>the lien fee search is to make your there are no liens on the property. i would treat them as a selling expense,</P> <P>&nbsp;</P> <P>not sure about the estoppel fee, if you had an attorney ask them.</P> <P>&nbsp;</P> <P>&nbsp;</P> Tue, 08 Feb 2022 18:21:43 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-sale-of-rental-property/01/2459544#M232780 Mike9241 2022-02-08T18:21:43Z