Sale of Business Property
Selling Expenses On Sale Of Property
Selling expenses should be added to the cost amount and subtracted from the gross proceeds sales amount on IRS Schedule D or Form 4797. This will help insure that the gross proceeds figure agrees with the 1099 slip that the IRS will receive.
Note If you need professional help with "Sale of Business Property" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.