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March 1, 2024
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How to report closing expenses on sale of property?

  • March 1, 2024
  • 1 reply
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Hi

 

I sold a property in 2023. When I received a closing statement from the escrow company, all the expense included on the sale( seller credit, commission- listing and selling agent, escrow fee etc. ) do I includes all these fees in the in the Sale of property/ Depreciation section , or the Expense section, or both?

 

Thank you

    Best answer by RobertB4444

    Those are the costs of the sale.  Include them in the sale of property section under 'Expense of Sale'.

     

    @Dan2023a 

    1 reply

    March 1, 2024

    Those are the costs of the sale.  Include them in the sale of property section under 'Expense of Sale'.

     

    @Dan2023a 

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