by Anonymous on October 9th, 2005

Anonymous

Question

Help answer this question below.

When I sell my secondary home and have capital gains income, can I deduct lawyer fees and closing fees paid to realtor?

Answers. 2 helpful answers below.

  • by Someguy on February 14th, 2007

    Someguy

    Yes.

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  • by Paula Straub on February 6th, 2007

    Paula Straub

    yes. Those fees reduce your selling price. Depending on the numbers involved you may want to look into doing an installment sale through a foudation to minimize your capital gains tax burden.
    www.savegainstax.com

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