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Level 2
December 7, 2019
Solved

Are back taxes an expense of sale when selling a vacation home

  • December 7, 2019
  • 2 replies
  • 20 views

Client sold a vacation home, entered the sale on the Schedule D can the back taxes paid at the sale be deducted from the gain.  As an expense of Sale on the D or do they go on the Sched A?

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Best answer by IRonMaN

Sounds like A is the proper resting place for them.

2 replies

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

Sounds like A is the proper resting place for them.

Slava Ukraini!
DaminAuthor
Level 2
December 7, 2019
Thanks for your time but I need something more definite.  
George4Tacks
Level 15
December 7, 2019