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April 10, 2022
Question

Cash received above the sale price of a property

  • April 10, 2022
  • 1 reply
  • 0 views

I sold an investment property and received cash in addition to the sale price listed as "transaction cost fees" and need to know how to report that amount.

1 reply

Carl11_2
Employee
April 10, 2022

Just add them to and include them with the sales price.

More than likely, the amount will be offset by your sales expenses, if any.

 

April 13, 2022

Thanks