Tax Question: Are Seller Title Insurance Costs Tax Deductible?

[William C.]

I am potentially selling an investment property in Florida. The county the home is located in is negotiable on who pays for the title search and insurance costs. Some realtors have stated it is a county where the "seller picks the title company and the seller pays for the costs." Other realtors have stated the opposite. Since it is negotiable, realtors have noted most buyers will build the title costs into their offer if they are expected to cover them. So they would reduce their offer by the approximate amount of the title fees.

The question I have is, as a pure investment property and as a straight up sale (no 1031 exchange), are the title costs tax deductible from the net proceeds of the sale? I understand any opinions given here are just opinions, and will not be taken as tax advice. Thank you all in advance.