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June 3, 2019
Solved

Can i deduct realtor fees from sale of home

  • June 3, 2019
  • 7 replies
  • 0 views
Still not sure...can I deduct any realtor commissions or extra money pad for buyers fees
Best answer by LeeM

Yes, you can deduct them from the proceeds from the sale of your home or the amount on your 1099-S (gross proceeds), if you received one.

7 replies

Employee
June 3, 2019
Is this your personal home? If so, these are either deducted from the sales proceeds or added to the basis to reduce the overall capital gains on the sale.
June 3, 2019
Can I deduct the sales fee from the sale of my home
Employee
June 3, 2019
You can either add the sales fee to the basis or subtract it from the sales proceeds.
June 3, 2019
Can I deduct realtor fees from sale of rental home
Employee
June 3, 2019
i did not get 1099s. what to due
Employee
June 3, 2019
where do I deduct the sales proceeds added to the basis to reduce the overall capital gains on the sale
LeeMAnswer
Employee
June 3, 2019

Yes, you can deduct them from the proceeds from the sale of your home or the amount on your 1099-S (gross proceeds), if you received one.