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tessie2701
New Member

Sale of a secondary residence. home painting was recommended by sale agent and was completed 1 month before sale for $10K. can i claim this as an expense? thank you

 
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MichaelL1
Level 15

Sale of a secondary residence. home painting was recommended by sale agent and was completed 1 month before sale for $10K. can i claim this as an expense? thank you

Yes, you would show the sales price, then selling expenses (which includes costs of getting ready for sale -painting, sales commission, closing costs. etc) and the the cost basis of the home sold to determine any gain or loss. 

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MichaelL1
Level 15

Sale of a secondary residence. home painting was recommended by sale agent and was completed 1 month before sale for $10K. can i claim this as an expense? thank you

Yes, you would show the sales price, then selling expenses (which includes costs of getting ready for sale -painting, sales commission, closing costs. etc) and the the cost basis of the home sold to determine any gain or loss. 

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