asked

I have a question about entering selling expenses on a business rental property sale. Who can help me? Specifically, I need to know what expenses listed on the Closing statement (e.g., transfer taxes, legal fees, special assessment paid off) should be included in the selling costs and how to handle them in my tax software (Turbotax). Additionally, I want to confirm if a $27,000 special assessment paid to the association can be included in the selling costs.

April 11th, 2024

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