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Updated almost 9 years ago,

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8
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0
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Gail Aiken
  • Henrietta, NY
0
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8
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Sale of Inherited Parents House

Gail Aiken
  • Henrietta, NY
Posted

My brother and I inherited my mothers home in December of 2014 and sold one year later in December 2015.  We did not live in the house but it took us a year to clean out the house and basement.  We had an appraisal done after their death and house appraised for $72,000 and we sold for $70,000.  We had to pay $3000 in sellers concessions and other sellers expenses including commission added up to $6731 for total expenses of $9731.    Can these expenses be divided and added to our cost basis for a loss?  

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