How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Lev Your Own Question
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 28081
Experience:  Taxes, Immigration, Labor Relations
Type Your Tax Question Here...
Lev is online now
A new question is answered every 9 seconds


Customer Question

are comissions deductible on any tax form from the sell of any producing land in Nebraska
Submitted: 4 years ago.
Category: Tax
Expert:  Lev replied 4 years ago.


Hi and welcome to Just Answer!
Yes - comissions are deductible as selling expenses.


If comissions ar enot excluded from selling price - you will report them as adjustments in column (g) on form 8949 -
Or added to the basis if you report the sale transaction on form 4797 - column (f) -
Let me know if you need any help.

Related Tax Questions