I have been negotiating a land sale for a couple of years, which finally closed in 2017. Can expenses incurred in 2016 be deferred to 2017 when I report the sale?

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The costs incurred for the selling expenses can be used in the year, the sale takes place, which is 2017 in your case.

The selling expenses will reduce the sales price.

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The costs incurred for the selling expenses can be used in the year, the sale takes place, which is 2017 in your case.

The selling expenses will reduce the sales price.

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