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Estate house sale

alyle99
Level 3

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
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♥¸¸.•*¨*•♫♪