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Are comissions deductible on any tax form from the sell of

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any producing land in Nebraska...
are comissions deductible on any tax form from the sell of any producing land in Nebraska
Submitted: 5 years ago.Category: Tax
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3/7/2012
Tax Professional: Lev, Tax Advisor replied 5 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,134
Experience: Taxes, Immigration, Labor Relations
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LEV :

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

LEV :

If comissions ar enot excluded from selling price - you will report them as adjustments in column (g) on form 8949 - http://www.irs.gov/pub/irs-pdf/f8949.pdf
Or added to the basis if you report the sale transaction on form 4797 - column (f) - http://www.irs.gov/pub/irs-pdf/f4797.pdf
Let me know if you need any help.

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