capital gains...real estate sales commission
Does anyone know if we buy a property to fix up and sell within a year, and it will not be our primary residence...
can we subtract selling expenses (such as real estate sales commission) from our profit? I understand that we will be taxed 20% of the profit we make, after we deduct capital improvements. But we are not sure if we can deduct expenses related to selling it...or for that matter...expensed related to buying it too???
thanks...Tara 
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