Hello,
My realtor (with my permission!) charged me to get my place ready to sell (painting + new appliances+staging+etc). All the work is listed on her bill as one line item: $38,000. How or where do I enter that information? No idea - thank you in advance.
You'll need to sign in or create an account to connect with an expert.
This website has a very good - and detailed - answer to your question:
As you'll see reading the article, ideally your stager would have provided you with an itemized bill.
nope they did not
Bottom line:
When you calculate your taxable capital gain:
The stager's fees would be subtracted from your sale proceeds.
Any capital improvements made to the house (but not any repairs) would be added to its cost basis.
Both actions result in a reduction of your taxable capital gain.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
roypimjasmine2485
New Member
karlameyer
Level 1
Mimi1944
New Member
n2893z
New Member
jb_atl
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.