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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
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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
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
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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
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