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What qualifies as a selling expense when selling your home to claim on your taxes?

 
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Fern
New Member

What qualifies as a selling expense when selling your home to claim on your taxes?

Selling expenses can include transfer taxes, stamp taxes, sales commissions paid to a real estate agent, any fees for a service that helped you sell your home without a broker, advertising fees, legal fees, and any  mortgage points or other loan charges you paid that would normally have been the buyer's responsibility.
 
See https://www.irs.gov/publications/p523/ar02.html#en_US_2015_publink100010379 for more information.

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3 Replies
Fern
New Member

What qualifies as a selling expense when selling your home to claim on your taxes?

Selling expenses can include transfer taxes, stamp taxes, sales commissions paid to a real estate agent, any fees for a service that helped you sell your home without a broker, advertising fees, legal fees, and any  mortgage points or other loan charges you paid that would normally have been the buyer's responsibility.
 
See https://www.irs.gov/publications/p523/ar02.html#en_US_2015_publink100010379 for more information.

What qualifies as a selling expense when selling your home to claim on your taxes?

When you are selling a out of town property, can you include travel in your selling expenses?
beamituofo
Returning Member

What qualifies as a selling expense when selling your home to claim on your taxes?

During closing the escow of selling the main home, we purchased a surety bond for the lost note that was caused by the assignment of mortgagee after the refinancing. Can we deduct the bond purchased as a selling expense?

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