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Closing Costs Not Adjusting Sch D - 4797

tccpg289
Level 4

Taxpayer sold a property in 2022 and I am entering the information on the dispositions section of Sch D where it says "Expenses of Sale or Exchange."

These expenses are not reducing the sale price on the form.

What other selections do I need to make on this screen to ensure the closing costs are considered?

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1 Comment 1
IRonMaN
Level 15

They wouldn't reduce the sales price, but did they increase the basis?  If not, just manually add the amounts to basis


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