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Are closing costs paid by seller for buyer deductible on sellers taxes? I was told when i sold my condo if i paid a portion of the buyers closing costs i could claim that
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Seller paid buyer's closing costs are not deductible on a tax return. However, any seller paid closing costs on behalf of the buyer are expenses of the sale for the seller.
See answer here - https://ttlc.intuit.com/questions/3674772-as-a-seller-can-i-include-the-closing-costs-that-i-paid-fo...
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