My company paid all my real estate commissions and fees when they relocated. Because I was in the home less 24 months and was in the LAST home we owned less than 24 months we may some capital gains.
They grossed it all up on my W2... something to the tune $50K and I will owe taxes on it. Can I then deduct real estate commissions off of my home sale?
You'll need to sign in or create an account to connect with an expert.
No, If your company paid your real estate commissions, and the grossed up your income, that should have covered any additional income tax you had to pay. Since your company paid the commissions, you cannot deduct them - you didn't pay them.
No, If your company paid your real estate commissions, and the grossed up your income, that should have covered any additional income tax you had to pay. Since your company paid the commissions, you cannot deduct them - you didn't pay them.
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.
adamsfam1121
New Member
atn888
Level 2
davidcjonesvt
Level 3
Mary7820
Returning Member
mikes11791
New Member