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 ShawnA Your Own Question
ShawnA
ShawnA, CPA, Professor, CFP. CGMA, Business Consultant, Professor, PFS I have decades of experience answering these questions.
Category: Tax
Satisfied Customers: 2884
Experience:  CPA, Professor, CFP. CGMA, Business Consultant, Professor, PFS I have decades of experience answering these questions.
15641319
Type Your Tax Question Here...
ShawnA is online now
A new question is answered every 9 seconds

RA-mls

Customer Question

Bulk transfer tax question : Recently (3/29/2012) we sold a portion of a office space which was purchased on 4/20/05 as a 1031 exchange.It was purchased at $150/sq. Ft. and sold at $110/sq. Ft. Apart from the settlement charges associated with this transaction, there are other charges such as improvements which were made on the property and also the previous settlement charges associated when property was acquired , are these deductible when calculating the bulk transfer tax.
Submitted: 4 years ago.
Category: Tax
Expert:  ShawnA replied 4 years ago.

Shawn P Adamo :

Hello. My specialty is focusing on YOUR Financial needs. Financial Planner/Business Owner for 20 years. CPA,PFS,QFP,GMMA.

Shawn P Adamo :

Yes these are deductible. I realize my answer is "short" but it's really that simple.

Shawn P Adamo :

If this does not answer your question please let me know. Also let me know if you have additional questions.


This is my full time job and I only get paid if you accept my answer. We work on the trust system at JA.


If you understand my answer and have no more questions, please accept and please leave positive feedback (if so inclined). Thank you.