Updated about 10 years ago on . Most recent reply
Closing cost-who gets the writeoff?
Ok I need some help. We're about to settle the sale price on a 3 family that needs repairs to the roof. Initially we tried to split the cost to be paid out of escrow at closing. Seller thinks we should increase sale amount 2k and put the repair to be paid at closing by them. The repair amount is 4k. Who gets to write the repair off for taxes?