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March 13, 2021
Question

I sold my second home in 2020. Am I allowed to add the commission cost to my cost basis?

  • March 13, 2021
  • 1 reply
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1 reply

March 13, 2021

Yes, the real estate commission was a "selling cost" and reduces the gain on the sale of the second home.  

 

Since there isn't a separate place to report "selling costs",  add it to your adjusted cost basis.