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posted Nov 1, 2019 6:29:59 PM

Real Estate agent paid HVAC

To get a deal done I paid to have the HVAC fixed for my buyer.  Is the amount I paid tax-deductible?  If it is what would it be considered? 

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1 Replies
Not applicable
Nov 2, 2019 12:10:54 AM

yes it's a business expense that earned you a commission.

 

category

fix up costs 

selling costs

cost to complete sale

or anything else except "repairs" because that usually applies to property you own or rent.