Sold personal property land; what can I count as sales expenses?

billptrsn — Thu, 06 Jun 2019 13:30:03 GMT

Expenses such as commissions, escrow fees, surveyor fees?

Yes, You are allowed to deduct from the sales price almos...

DS30 — Thu, 06 Jun 2019 13:30:05 GMT

Yes, You are allowed to deduct from the sales price almost any type of selling expenses, provided that they don’t physically affect the property. Such expenses may include:

advertising
appraisal fees
attorney fees
closing fees
document preparation fees
escrow fees
mortgage satisfaction fees
notary fees
points paid by seller to obtain financing for buyer
real estate broker's commission
recording fees (if paid by the seller)
costs of removing title clouds
settlement fees
title search fees, and
transfer or stamp taxes charged by city, county, or state governments

topic Sold personal property land; what can I count as sales expenses? in Deductions & credits

Sold personal property land; what can I count as sales expenses?

Yes, You are allowed to deduct from the sales price almos...