Tax Year Prior to 2020: Can I deduct the realtor fees from the sale of inherited property

[KarenL2]

Yes.  It can be added to Sales Expenses to reduce any potential capital gain.

Sales expenses are listed in the sellers column of your settlement statement and include:

• commissions
• appraisal fees
• broker's fees
• legal fees
• advertising fees
• home inspection reports
• title insurance
• transfer taxes or fees
• geological surveys
• loan charges (points) or other fees paid on the buyer's behalf
• any fees for a service that helped you sell your home without a broker (listing fees, promotional fliers, etc.) 

Sales expenses do not include:

• mortgage payoffs
• home equity loan payoffs
• rent-back costs
• payoff to creditors
• property taxes
• home owner association fees

[sstclaire]

I have been trying to get ahold of someone - it won't let me do something and I know not what but I have to get my taxes filed, will someone please call me 

[JotikaT2]

We cannot contact you here as this is a public forum.  If you have a specific question, please comment so we can assist you.

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