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Updated about 1 year ago on . Most recent reply

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27
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4
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Susan McBride
  • Fairhope, AL
4
Votes |
27
Posts

Can I deduct closing costs I am paying on behalf of the buyer

Susan McBride
  • Fairhope, AL
Posted

Hi.  I am trying to find out if I can include closing costs I am paying on behalf of the buyer in my capital gains calculation.  They want to increase the price they are paying for the home and have me pay their closing costs.  I assume this allow them to come to closing with less cash down.  Any clarification you can provide would be much appreciated!

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