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rfzeferino
New Member

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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MaryK1
Level 9

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.

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MaryK1
Level 9

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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