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Updated over 5 years ago,

User Stats

72
Posts
46
Votes
Ryan Wamsat
46
Votes |
72
Posts

Does Realtor Commission = Boot?

Ryan Wamsat
Posted

I'm considering selling my first rental house.  However, after doing some quick math, I've determined that it's going to cost me about $28k to sell the house.  Of that, about $17k will go to the realtors.  The remaining $11k is for repairs, holding costs, closing costs, etc.

That pretty well eats up all of my personal funds.

My question: Is it considered boot to spend the money that I receive from the sale of the house to pay the realtors?  Or, do I have to pay them from my personal funds in order to avoid taxes on that $17k?

Ryan

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