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Updated about 6 years ago,

User Stats

29
Posts
7
Votes
Peter G.
  • Panama City Beach, FL
7
Votes |
29
Posts

Sale of Investment Property - Taxes

Peter G.
  • Panama City Beach, FL
Posted
I am currently going over my potential tax deductions for 2018 and I have the following question. Does my expenses on the sale of an investment property in the settlements document goes into Schedule E or do I reduce it from the gross sale number. For example if I sold a property for $100 Thousand and I had a $10,000 in settlement expenses would the gross sale be $100 K and my settlement expenses go to Schedule E or would I reduce the gross sale to 90 K?

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