Sale of Property - Where deduct mileage?

Assuming these are allowed expenses, what's wrong with Form 4797 as Costs of Sale?

Caution: If you are not intimately acquainted with the 4797, it is not anything kiddies should be trying at home.

It sounds like a Schedule A investment expense subject to the

Steve

round trips to meet with Realtor, prospective buyer etc.

Was the commercial property owned by your Schedule C business or a corporation owned by you?

The expense would be reported in the same way the rental income was reported. So, if your were reporting your rental income on Sch E, then the auto expesne goes on that form.

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-----> real address on hobokeni or hobokenx

round trips to meet with Realtor, prospective buyer etc.

Neither. Was owned by me personally.

In my view this makes it unlikely that you can use form 4797 as suggested by Art.

But are there other opinions?

Steve

By the time I'm replying to the OP, we know that it was a personal investment, the sale of which is reported on form 4797 as first suggested by Art. Any costs associated with selling the property are properly treated as a cost of that sale.

ChEAr$, Harlan Lunsford, EA n LA

right, reported on Schedule D, and, unlike some expenses that you can elect to capitalize, the trip costs look like they go on Schedule A, subject to

I think there may be some confusion on the OP's situation. He refers to this as commercial property and I can see where Harlan came up with the 4797. The OP needs to classify this property as investment or business to come up with the correct form. If he just bought it as an investment and was not involved in a trade/business or as a landlord, I would go with the Schedule D/Schedule A combo.

Okay then. If the latter, schedule d only, since this travel was a cost of selling the property.

ChEAR$, Harlan Lunsford, EA n LA