I sold a second home that was for personal use and there were costs in order to put it on the market. Are these deductible? If so where do I claim these expenses

[Coleen3 · Accepted solution]

There are certain costs you can add to the basis to reduce the gain.

Sales Expenses for selling your property include:

• Sales commissions
• Advertising Expenses
• Legal Fees
• Broker Fees
• Transfer taxes