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holli0303
New Member

I have a 1099S form from selling a property in 2018 . Can I deduct the cost of the sewer line and property taxes. Inherited in 98 for the cost of 10k sold for 40K.

 
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1 Reply
ee-ea
Level 15

I have a 1099S form from selling a property in 2018 . Can I deduct the cost of the sewer line and property taxes. Inherited in 98 for the cost of 10k sold for 40K.

Add cost of sewer line to the 10K and take tax as you have done in the past

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