When you say 'increase by all allowable selling costs' u do mean increase the basis by 'allowable' closing expenses (list u listed earlier) paid when we bought ...

So the RE Commissions were pd when we 'SOLD' the property but the 1099-S does NOT include them (does not lower the 'Gross Proceeds', GP is the sales price for t...

Can I add to 'cost basis' purchasing expenses (closing costs) and can I include RE Commissions on either cost basis or sales proceeds??

Yeah I gave up on it being a 'rental' and just have it in as sale of 2nd home.I was hoping to recoop some of the loss on the sale but it just wasn't working.......

The property was available for rent for many, many months and we had lots of interested parties BUT the restrictions from the condo assoc were crazy so we were ...