LadyHawk52
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You stated, "The cost of sale (including any required fixes per the contract) are used in the sale of the asset computation form 4797." We had a signed contract...
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Thank you, but we know the expenses are not considered for the cost basis. Our question was whether the expenses incurred to close the sale are part of the expe...
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You stated below that "You can include any expenses paid to make and close the sale of the boat." We sold our charter boat this year and incurred expenses to fi...
Activity Feed for LadyHawk52
- Posted Re: Can I deduct sale preparation expenses when selling an asset (boat)? For instance, painted the bottom ($2,000) to get it ready to sell? on Deductions & credits. December 21, 2022 5:47 AM
- Posted Re: Can I deduct sale preparation expenses when selling an asset (boat)? For instance, painted the bottom ($2,000) to get it ready to sell? on Deductions & credits. December 18, 2022 12:32 PM
- Posted Re: What can I deduct from the capital gain on the sale of a boat slip rental in 2020? on Investors & landlords. December 18, 2022 12:29 PM
- Posted Can I deduct sale preparation expenses when selling an asset (boat)? For instance, painted the bottom ($2,000) to get it ready to sell? on Deductions & credits. December 18, 2022 12:22 PM