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    Estate house sale

    alyle99
    Level 3
    ‎08-08-2020 11:31 AM

    Hi,

    An estate sold a house two months after the death of the decedent for a total of 300K including all fees.  There was no appraisal done.  Would the 20K in brokers fees be considered a capital loss?

     

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    1 Comment 1
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎08-08-2020 11:47 AM
    Thats how it generally works out when a house is sold so quickly after someone passing, the FMV and the sale price are the same and any sales expenses (like commissions) end up creating a loss.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪




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