Commission on ale of rental property

Hi! For the life of me I can not figure out where/how to enter the real estate commission we paid on the sale of our rental property. We had owned it for 5 years and it was inherited. Can anyone please help? Thanks!

Reply to
mommio2
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Line 2(f), where it says "Cost or other basis, plus improvements and expense of sale."

You are looking at Form 4797, right? If not, file for an extension and hire a professional preparer after April 15.

Reply to
Phil Marti

Yes, I am on Form 4797 Part 1. So I just add the real estate commission on the sale to the cost basis? It just seems strange that I just add it in there without justifying or documenting it somewhere! Thanks a bunch for the advice!

Reply to
mommio2

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