My father and I purchase a home a couple of years ago for an investment. We fixed it up and sold it. We bought it for $67,000.00 and sold it for $76,000.00. After all the closing cost, commission and tax we cleared $69,000.00. The property taxes and expenses in fixing up the home average around $6,000.00 for the past two years. Can I claim the property tax as an expense and deduct that from my gain ($69,000.00 - $6,000.00).

Thank you.

Yes, you can claim the property taxes.

If you factor in all the fix-up costs, I suspect you sold at a LOSS.