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Author: vkg Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 125003  
Subject: Selling Expenses Date: 4/12/2013 1:02 PM
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I am receiving unsolicited and I believe bad advice. I am not likely to tax advice from someone who has had their checking account attached by the IRS and had an IRS agent come to their home.

Fees for the real estate agent and fees/taxes that are on the closing statement are easy. They are clearly expenses related to the sale, and should be deductible.

Real estate taxes are paid through the end of the year, and were deducted on 2012 taxes. The due date is pasted. It wasn't an option to not pay the real estate taxes before selling. There will be some repayment of the real estate taxes, which I expect to be taxable.

I don't believe that miscellaneous repairs that are routine maintenance are deductible (replacing a failed outlet, damaged clips on a set of blinds, and other routine repairs.)

Other expenses:
1.) Carpet
2.) Paint
3.) Furnace
Needs repair, but replacement might be necessary
4.) Replacing a screen door
(It needs a small part, but I don't know if we can find it.)
5.) Professional cleaning before an open house
6.) Plants and front yard clean up
The front yard will need a quick make-over for listing: some new plants, removing a couple of uncooperative shrubs, and bark
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