I am selling my house and the buyer is paying all of my closing costs, does this arrangement artificially increase my taxable capital gains profit?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

When a home is sold and the buyer pays closing costs, the tax treatment often depends on how those costs are characterized and how they are reflected on the settlement statement. In many cases, the key factors are whether the expenses are treated as selling costs, whether they reduce the amount real For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.