topic Are seller paid closing cost deductible from proceeds when selling an inherited house? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/are-seller-paid-closing-cost-deductible-from-proceeds-when-selling-an-inherited-house/01/402252#M50906 Tue, 04 Jun 2019 20:04:02 GMT freddiew2014 2019-06-04T20:04:02Z Are seller paid closing cost deductible from proceeds when selling an inherited house? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/are-seller-paid-closing-cost-deductible-from-proceeds-when-selling-an-inherited-house/01/402252#M50906 Tue, 04 Jun 2019 20:04:02 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/are-seller-paid-closing-cost-deductible-from-proceeds-when-selling-an-inherited-house/01/402252#M50906 freddiew2014 2019-06-04T20:04:02Z Yes.  The closing costs paid by you are deductible agains... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-the-closing-costs-paid-by-you-are-deductible-agains/01/402259#M50907 <P><B>Yes</B>. &nbsp;The <B>closing</B> <B>costs</B> paid by you are <B>deductible</B> against the Gross Proceeds of the home you sell, even if that home was inherited.</P> Tue, 04 Jun 2019 20:04:03 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-the-closing-costs-paid-by-you-are-deductible-agains/01/402259#M50907 ChelsiE2 2019-06-04T20:04:03Z