I sold my property less than two years of owning it. Can I deduct real estate agent's commission from the penalty tax I have to pay?

davidsh16 · ‎June 6, 2019

IsabellaG · ‎June 6, 2019

Yes, the real estate agent's commission does count as an expense of sale, and does reduce the gain on the sale of your property.

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IsabellaG · ‎June 6, 2019

Yes, the real estate agent's commission does count as an expense of sale, and does reduce the gain on the sale of your property.

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