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maggiecmpbll
New Member

I sold land in 2018 and need to know what expenses related to that sale that I can claim as deductions.

 
1 Reply
Ashby
New Member

I sold land in 2018 and need to know what expenses related to that sale that I can claim as deductions.

You can add to basis any improvement you made to the land to make it more marketable. Then, as expenses of sale, you can deduct any closing related costs you had to complete the sale.

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