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ARE AUCTION FEES TAX DEDUCTIBLE. 2017. NO JUST THAT
ARE AUCTION FEES TAX DEDUCTIBLE JA: Which tax year is the deduction for? Customer: 2017 JA: Anything else you want the Accountant to know before I connect you? Customer: NO JUST THAT… read more
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I recently sold a home I owned for less than two years. When
I recently sold a home I owned for less than two years. When I sold it, I paid $3,500 for the buyer's closing costs. Can I reduce my sales price by that amount when computing the capital gain? … read more
taxmanrog
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Lev, I have another question also regarding Illinois vs
Hi Lev, I have another question also regarding Illinois vs Federal tax return.We purchased a home/primary residence in April 2017 in Chicago. We pay taxes in arrears in IL.So in 2017, we paid taxes fo… read more
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Lev
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I paid property taxes at my house closing to the buyer at
I paid property taxes at my house closing to the buyer at the end of December, 2017 for 2017 (in addition to the 2016 taxes paid in arrears in June-2017 and Sept.-2017). Am I entitled to deduct those … read more
Robin D.
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My situation has changed this year. I sold my house in
My situation has changed this year. I sold my house in Maryland in January 2017 and lived the majority of the year at my home in Delaware. In early 2017, I switched my Federal pension address to the D… read more
Chad EA, CDFA®, CFP®
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Lama Co-op First Time Credit Background: I purchased a Co-op
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I have a question. I bought few properties in Detroit .
I have a question. I bought few properties in Detroit for investment. The owner of the properties is an LLC that I own. I want to sell these properties but they are not selling. I have not paid 2014 p… read more
Robin D.
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Hi, I purchased a property at a foreclosure for slightly
Hi, I purchased a property at a foreclosure for slightly below $300,000. I have now fixed it up and just got an offer for above $300,000. I am a Canadian and have just realized that there will be a 10… read more
Robin D.
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At auction, I understand that there would be federal tax applied
At auction, I understand that there would be federal tax applied to the purchase price but should it also apply to a buyer's premimum? So I purchase an item for $100 but the auction house charges a 15… read more
MequonCPA
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In 1983 we bought an old home that needed renovation. In the
In 1983 we bought an old home that needed renovation. In the home there was a chapel with 3 Tiffany panels in the altar. We did not buy those panels as such of course. In 2010 we sold the panels at an… read more
CGCPA
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I have brought a property on auction. I paid auction Bidders
I have brought a property on auction. I paid auction Bidders fee 10 % in addition to the bidding price. Is this fees tax deductible… read more
Merlo
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I sold my home in 2008. I am trying to figure out my sales
I sold my home in 2008. I am trying to figure out my sales price (adjusted). I have read the publication 523 which states that you can deduct real estate agent fees/commissions, advertising fees, loan… read more
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WE FILED OUR TAXES IN OCT...I HAD A CAR ACCIDENT IN DEC 2007..STATE
WE FILED OUR TAXES IN OCT...I HAD A CAR ACCIDENT IN DEC 2007..STATE FARM TOLD ME TAHT MY COVERAGE EXPIRED AT MIDNIGHT..TO CUT A LONG STORY SHORT WE GAVE UP THE CAR WITH 5,000 DAMAGE TO AUCTION..WE WER… read more
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Can you write off an escrow cancellation fee of 9 ...
Can you write off an escrow cancellation fee of 9 thousand dollars on a cancelled real estate escrow?… read more
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I just sold a house for $91,500 with 13,000 in fees ...
I just sold a house for $91,500 with 13,000 in fee's and what not to the buyer, do I still pay tax on that 13,000?… read more
Lev
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I am selling a car in San Bernardino County California. Do ...
I am selling a car in San Bernardino County, California. Do I have to pay sales tax? If I do, does the seller usually collect from the buyer, or is the buyer responsible for paying the tax and notifyi… read more
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I live in Queens County, New York and bought my house ...
I live in Queens County, New York and bought my house during 2005. On my state taxes, can I deduct the mortgage tax I paid when I bought the house? Optional Information: new york city, New York… read more
RD
RD
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Master's Degree
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I sold my house and paid the full amount of the buyers ...
I sold my house and paid the full amount of the buyers closing costs plus my closing costs when I bought my new house. The amount of the buyers' closing costs was around 8600.00. How much of that can … read more
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