Can I deduct any fees from the Statement of Adjustment for a condo purchase?
My purchase of a condo (investment property) deal closed in March 2024. there are legal fees and other fees on the statement of adjustment, can I deduct any of those fees? do i need to file my purchase anywhere?
02277
1 Best answer
TurboTaxSusan
Moderator
Apr 15, 2025 10:09:13 AM
You don't need to report the purchase of your condo, and any fees paid when purchasing the property can be claimed against the income you make when you sell/dispose of the property.
2 Replies
TurboTaxSusan
Moderator
Apr 15, 2025 10:09:13 AM
You don't need to report the purchase of your condo, and any fees paid when purchasing the property can be claimed against the income you make when you sell/dispose of the property.