in Education
763847
You'll need to sign in or create an account to connect with an expert.
No, you can't write off any selling expenses. Selling expenses, such as a broker's commission, are not a separate deduction. They just reduce your gain. But your gain was already less than the exclusion amount, so reducing your gain would not make any difference in your tax.
If you paid any mortgage interest or real estate tax in 2018 before you sold the home, you could deduct those the same as if you had not sold the home. But those are itemized deductions. They will not make any difference in your tax unless your total itemized deductions are more than your standard deduction.
No, you can't write off any selling expenses. Selling expenses, such as a broker's commission, are not a separate deduction. They just reduce your gain. But your gain was already less than the exclusion amount, so reducing your gain would not make any difference in your tax.
If you paid any mortgage interest or real estate tax in 2018 before you sold the home, you could deduct those the same as if you had not sold the home. But those are itemized deductions. They will not make any difference in your tax unless your total itemized deductions are more than your standard deduction.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
anonymouse1
Level 5
in Education
anonymouse1
Level 5
in Education
currib
New Member
anil
New Member
eric6688
Level 2