Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Sale of Investment Property - Taxes
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?