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Updated almost 9 years ago on . Most recent reply

Carrie Angyal's profile image
Carrie Angyal's profile image
Carrie Angyal
  • from Cromwell, Connecticut
  • Member since Jan 21, 2016
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Carrie Angyal's profile image
Carrie Angyal's profile image
Carrie Angyal
  • from Cromwell, Connecticut
  • Member since Jan 21, 2016
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Carrie Angyal
  • Cromwell, CT
6
Votes |
33
Posts
Buying & Selling Real Estate

Closing cost-who gets the writeoff?

Carrie Angyal
  • Cromwell, CT
Posted
Ok I need some help. We're about to settle the sale price on a 3 family that needs repairs to the roof. Initially we tried to split the cost to be paid out of escrow at closing. Seller thinks we should increase sale amount 2k and put the repair to be paid at closing by them. The repair amount is 4k. Who gets to write the repair off for taxes?
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