• Home
  • Sell With Us
    • FREE Seller Guide Spring 2020 Edition
  • Buy With Us
    • FREE Buyers Guide Spring 2020 Edition
  • Communities
  • Home Value
  • RESIDE
  • About
    • Our Brand Story
    • Contact Victor
  • Raving Fans
Moving
7 Tips for a Smooth Move into a New Neighborhood
December 15, 2017
Home Insurance
Surprising Things Covered by Your Home Insurance
December 19, 2017

Expert Insights: Are Home-Selling Costs Deductible?

Selling Costs

If you sell your home and realize a taxable gain even after the exclusion, you can reduce your gain with selling costs.

Your gain is defined as your home’s selling price, minus deductible closing costs, minus your basis. The basis is the original purchase price of the home, plus improvements, less any depreciation.

Real estate broker’s commissions, title insurance, legal fees, administrative costs, and inspection fees are all considered to be selling costs.

Share

Related posts

December 5, 2020

SQUARING AWAY YOUR WALLS


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

WHO YOU WORK WITH MATTERS

Victor Pais  |  Nick Sadek 
Sotheby’s International Realty
Cal DRE License# 01709269

Serving Placer, Sacramento, El Dorado and the surrounding areas with a full-service real estate experience. +1 916.622.0363

Send Me A Message


Sorry we are experiencing system issues. Please try again.

Destinations

Loading...

WHO YOU WORK WITH MATTERS

Victor Pais  |  Nick Sadek 
Sotheby’s International Realty
Cal DRE License# 01709269

Serving Placer, Sacramento, El Dorado and the surrounding areas with a full-service real estate experience. +1 916.622.0363

 

We Love What We Do…

  • Professional Photography and 3D Virtual Tours
  • Professional Video and Drone services
  • A Website created just for your property
  • Access to over 1,000+ offices in 70 different countries
Our address:

Nick Sadek – Sotheby’s International Realty
2277 Fair Oaks Blvd Ste 460,
Sacramento, CA 95825

Call Me:

+1 916.622.0363

2020 Copyright victorpais.com website by
ElitePartnerSolutions.com