You'll need to sign in or create an account to connect with an expert.
Yes, whenever you have an asset sale you can deduct the closing costs and other fees/commissions paid that were incurred to sell the asset.
It will reduce the profit made on the sale.
Yes, whenever you have an asset sale you can deduct the closing costs and other fees/commissions paid that were incurred to sell the asset.
It will reduce the profit made on the sale.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
powell2
Level 2
Larry T
New Member
dilsono
Returning Member
byers-ashley526
New Member
likesky1010
Level 3