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tamw1213
New Member

Are all expenses from Title company Sales Expenses when selling home?

 
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1 Reply
DMarkM1
Expert Alumni

Are all expenses from Title company Sales Expenses when selling home?

Not necessarily. According to Worksheet 2 in IRS Publication 523 (extracted below) the following are deductible sales expenses.  In TurboTax add these costs to the selling expenses box for the home sale.

  

  • Any sales commissions (for example, a real estate agent's sales commission) 
  • Any advertising fees 
  • Any legal fees
  • Any mortgage points or other loan charges you paid that would normally have been the buyer's responsibility 
  • Any other fees or costs to sell your home (for example staging/cleaning/photography)
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