Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

Home appraised before renting for $820k. If it sells for $920k is agent comm, legal fees, & mortgage discharge fees tax deductible? What will be total capital gains tax?

The home was my primary residence for 3 years and I rented it for 1.5 years. Before rending I had it appraised for $820,000.  If it sells for $920,000, are agent commission fees (both buyers and sellers) that I will pay, Legal fees, and Mortgage discharge penalty (3 month interest) tax deductible? What will be my total capital gains tax? 

1 Reply
Moderator

Home appraised before renting for $820k. If it sells for $920k is agent comm, legal fees, & mortgage discharge fees tax deductible? What will be total capital gains tax?

Please contact our customer support using the following FAQ:

https://turbotax.community.intuit.ca/replies/3152013