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-   -   Real estate fees on sale of inherited property considered in figuring a loss (https://www.askmehelpdesk.com/showthread.php?t=810372)

  • Apr 11, 2015, 10:17 AM
    Indiaink
    Real estate fees on sale of inherited property considered in figuring a loss
    I am receiving conflicting information on whether broker/realtor commission can be used to reduce any gain in the sale of an inherited home. Can anyone clarify?
  • Apr 11, 2015, 01:27 PM
    ebaines
    You report your net proceeds from the sale, which means the sales price minus your costs incurred to make the sale. Typical costs may include real estate broker fees and title transfer fees. And although you didn't ask, you should know that your cost basis is most likely the fair market value of the home as of the date of death of the decedant.

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