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mkmillard48
February 20, 2025
Question

On the Turbotax form "Sales of Business or Rental Property", what does "Plus Expenses of Sale" mean?

  • February 20, 2025
  • 1 reply
  • 0 views
Sale of rental property, deducting Expenses of Sale

    1 reply

    R
    RobertB4444
    February 20, 2025

    When you sell a property (or a business) there are usually broker fees and associated costs that have to be paid.  Those are added to your basis to reduce the taxable gain.

     

    @mkmillard48 

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