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Deductions on sale of residence on 1041

rorocpa
Level 1

Hi.  Are the costs paid by purchaser for appliance replacement and hot water repair deductible on 1041?

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3 Comments 3
IRonMaN
Level 15

I’m confused.  Why would the seller get to deduct costs paid by the purchaser?


Slava Ukraini!
rorocpa
Level 1

It reduced the estate's (seller's) proceeds.  You may have answered my questions.

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rorocpa
Level 1

Yes the purchaser received the credit.  

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