Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 31, 2019 5:54:28 AM

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? 

0 1 1250
1 Replies
Level 13
Oct 31, 2019 5:54:29 AM

Please contact our customer support using the following FAQ:

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