I sold my home in Florida in 2018 and moved to Ga. What can I write off from the settlement statement other than the RE taxes. Also a new ac unit is on the settlement.

[Hal_Al · Accepted solution]

You cannot write off anything (except mortgage interest and real estate tax on schedule A).

All other expense of sale and improvements (new AC) are added to your cost basis in calculating your capital gain or loss.

You may exclude from your income, up to $250,000 ($500K married) of gain on the sale of your main residence, if you lived in it for 2+ years out of the 5 yrs prior to sale.

You may not deduct any capital loss on the sale of your home.