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alyle99
Level 3
August 8, 2020
Question

Estate house sale

  • August 8, 2020
  • 1 reply
  • 7 views

Hi,

An estate sold a house two months after the death of the decedent for a total of 300K including all fees.  There was no appraisal done.  Would the 20K in brokers fees be considered a capital loss?

 

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1 reply

Just-Lisa-Now-
Just-Lisa-Now-Intuit Community Champion
Intuit Community Champion
August 8, 2020
Thats how it generally works out when a house is sold so quickly after someone passing, the FMV and the sale price are the same and any sales expenses (like commissions) end up creating a loss.
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