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2rentand4lease2
New Member

I have a rental property that I sold in 2018. Can I deduct realty fee legal fee and prepayment interest penalty from my rental income and not use these as cost of sales.

 
1 Reply
warrencheswick
New Member

I have a rental property that I sold in 2018. Can I deduct realty fee legal fee and prepayment interest penalty from my rental income and not use these as cost of sales.

No, these are deemed as cost of sale.

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