https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-escrow-fee-be-included-as-sales-expenses-in-the-process-of-the-sale-of-a-home-for-tax-purposes/01/307233#M37682 Mon, 03 Jun 2019 18:33:42 GMT vinayvenkat 2019-06-03T18:33:42Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-escrow-fee-be-included-as-sales-expenses-in-the-process-of-the-sale-of-a-home-for-tax-purposes/01/307233#M37682 Mon, 03 Jun 2019 18:33:42 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-escrow-fee-be-included-as-sales-expenses-in-the-process-of-the-sale-of-a-home-for-tax-purposes/01/307233#M37682 vinayvenkat 2019-06-03T18:33:42Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-not-as-sales-expenses-instead-certain-escrow-fees-w/01/307238#M37684 <P>No, not as sales expenses. Instead, certain escrow fees will increase your basis in your home which will reduce the overall capital gain.</P><P>Please see attached screenshot for closing costs both allowed and disallowed by the IRS. </P><P>Please refer to the following IRS link for more information about selling your home:</P><P> <A href="https://www.irs.gov/publications/p523/ar02.html#en_US_2015_publink100010750" rel="nofollow" target="_blank">https://www.irs.gov/publications/p523/ar02.html#en_US_2015_publink100010750</A> </P><P>Please refer to this TurboTax link for more information about Home Ownership:</P><P> <A href="https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Tax-Aspects-of-Home-Ownership--Selling-a-Home/INF12035.html" target="_blank">https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Tax-Aspects-of-Home-Ownership--Selling...</A> </P> Mon, 03 Jun 2019 18:33:43 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-not-as-sales-expenses-instead-certain-escrow-fees-w/01/307238#M37684 DS30 2019-06-03T18:33:43Z