I paid $4600 of my home buyers down payment when i sold my house is this deductable

I paid $4600 of the buyers down payment when I sold my house in 2016. Can I deduct this on my taxes.

posted

Connect with an expert

1 Best answer

Accepted Solutions

I paid $4600 of my home buyers down payment when i sold my house is this deductable

No, it is not deductible. You would use it to reduce the sales price of your home if you owe any capital gains from the sale.

View solution in original post

1 Reply

I paid $4600 of my home buyers down payment when i sold my house is this deductable

No, it is not deductible. You would use it to reduce the sales price of your home if you owe any capital gains from the sale.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post