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  3. you sold your home for $433,000 and incurred the f

You sold your home for $433,000 and incurred the following selling expenses: realtor commission of...

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Accounting

You sold your home for $433,000 and incurred the following selling expenses: realtor commission of 6% of the sales price, transfer tax of $2,200, state filing fee of $150, and property taxes of $350. Are you allowed to deduct all selling expenses ($28,680) from the sale proceeds or are you limited to deduct only $10,000 as itemized deductions?

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