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Can or how are realtor commission expenses on sale of vacant property deducted?

 
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TomD8
Level 15

Can or how are realtor commission expenses on sale of vacant property deducted?

The realtor commission is not deducted; it is added to the property's cost basis when calculating the capital gain, thus reducing the taxable capital gain.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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1 Reply
TomD8
Level 15

Can or how are realtor commission expenses on sale of vacant property deducted?

The realtor commission is not deducted; it is added to the property's cost basis when calculating the capital gain, thus reducing the taxable capital gain.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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