Jump to content
Français
Search In
  • More options...
Find results that contain...
Find results in...

Recommended Posts

During the sale of a rental property some expenses such as sales commissions, legal fees, and bank fees are generally incurred.  While I have seen some documentation suggesting that these can be applied against the selling price to reduce the capital gains, I am curious whether the option to instead apply them against the annual income from the property also exists?  These were, after all, expenses incurred as a result of running the rental property business.  I am only looking for information on whether there is a strict requirement to apply these costs against either the sales price or against the rental income?  Is there a law that directs where these must be applied, or is the choice optional?

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...