Home Selling in Bronx>Question Details

Helen Merzon,  in Brooklyn, NY

is sellers concession taxable?

Asked by Helen Merzon, Brooklyn, NY Mon Jun 29, 2009

Help the community by answering this question:


The best way is in fact to check with your accountant, but the concession is not taxable. In fact as I understand it it is a deduction because it is added to the basis of the asset when calculating the capital gain.
0 votes Thank Flag Link Tue Jun 30, 2009
Hi Helen,

I would ask your tax consultant. They would have the right answer for you.

Best of luck,

0 votes Thank Flag Link Mon Jun 29, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer