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Is Seller Concession on a home sale settlement statement considered a Sales Expense?

 
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2 Replies
LeonardS
Expert Alumni

Is Seller Concession on a home sale settlement statement considered a Sales Expense?

No,  A seller concession on a home sale is nothing more than a reduction of the sales price. 

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Is Seller Concession on a home sale settlement statement considered a Sales Expense?

use what's on the 1099-S, if you got one. if that does reflect the concession take it as a sales expense.

 

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