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Lev, Tax Advisor
Category: Tax
Satisfied Customers: 29569
Experience:  Taxes, Immigration, Labor Relations
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Commercial rental real estate sold Are any of the selling

Customer Question

Commercial rental real estate sold Are any of the selling expenses deducted on the final 8825 (Partnership) Rented the building for six months before selling. I understand that they are on the 4797.
Submitted: 1 year ago.
Category: Tax
Expert:  Lev replied 1 year ago.

Selling expenses are actually added to the basis - and not deducted as rental expenses.

Customer: replied 1 year ago.
Thank you
Expert:  Lev replied 1 year ago.

On form 4797 - see column (f) Cost or other basis, plus improvements and expense of sale

So add sale expenses to that place,

Let me know if you need any help with reporting.


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