Tax Deductible Expenses When Selling a House?

Answer Selling a house provides a taxpayer with several tax deductions that reduce his total taxable income for the year. You must apply the deductions during the year the house sells and enter it on Sche... Read More »

Top Q&A For: Tax Deductible Expenses When Selling a House

If you rent out part of your house how do you figure the amount of deductible expenses like utilities and insurance?

Tax Deductions for Partial RentalsHere is some advice from WikiAnswers community members:If you rent part of your property, you must divide certain expenses between the part of the property used fo... Read More »

Expenses That Are Tax Deductible When Working From Home?

If you do part or your entire job from a home office, then there are tax benefits that you should be aware of before filing your next tax return. Many items related to home-based work can be deduct... Read More »

Are IRS audit expenses deductible as miscellaneous expenses?

Any legal fees for tax advice, any tax advice fees and any tax preparation fees are miscellenous deductions. These fees are subject to a 2 percent of adjusted gross income limit. Taxpayers can dedu... Read More »

What is tax deductible when selling a home?

As a homeowner, you are entitled make deductions such as property taxes and mortgage interest during your time of ownership. When it's time to sell your home, other deductions may apply.Capital Gai... Read More »