Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
leeloo76
New Member

With the sale of an investment property, can I deduct commissions I paid to the real estate agent?

 
2 Replies

With the sale of an investment property, can I deduct commissions I paid to the real estate agent?

Yes, you can deduct the commissions paid to the real estate agent.

Your employment expenses include any GST and provincial sales tax (PST), or HST, you paid on these expenses. You may be able to get a rebate of the GST/HST you paid. For more information, see GST/HST Rebate.

 

Thank you for choosing TurboTax.

With the sale of an investment property, can I deduct commissions I paid to the real estate agent?

RyleReed, I have been researching on the same topic and I can't find anywhere else says I can claim realtor commission on tax return.  I usually file T2125 - statement of business for the hotel rental business.  Can you advise where to enter this claim and if there are official link from CRA I can read up on?