If I was cashed out of a home and he paid me $36000 and I paid half the closing costs can i write off the closing costs and the tax months I was on title?

[onepita1972]

This was a 2nd home, has been rented the whole year of 2018.

[KrisD · Accepted solution]

Yes, if the taxes were not expensed while it was a rental, those taxes paid, as well as the closing costs, would be subtracted from the 36,000. You would also claim half of the basis (value) and half the depreciation on the house.