Purchased property for $480k and sold it for $500k (only held for 10 months). Can the agents commission be deducted from the capital gain? or do i need to pay on $20k
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Purchased property for $480k and sold it for $500k (only held for 10 months). Can the agents commission be deducted from the capital gain? or do i need to pay on $20k
Purchased property for $480k and sold it for $500k (only held for 10 months). Can the agents commission be deducted from the capital gain? or do i need to pay on $20k
Yes, the agent's commission can be added as a selling expense to reduce your gain.
**Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"
Purchased property for $480k and sold it for $500k (only held for 10 months). Can the agents commission be deducted from the capital gain? or do i need to pay on $20k
Yes, the agent's commission can be added as a selling expense to reduce your gain.
**Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"
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