Expenses of Sale
Expenses of Sale
When paid by the seller, these expenses reduce the sale price of property. Examples are commissions to a broker or real estate agent, title search, title insurance, legal fees, and transfer taxes.
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It is important that the Form 433-A or 433-B and accompanying materials adequately and fairly present the net amount that may be realized from a sale of a client's assets with proper allowance for expenses of sale, taxes and other costs.
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