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Video instructions and help with filling out and completing Closing a business tax deductions

Hi my name is Julia M Spencer I'm a real estate adviser investor and your number one source for real estate advice online I'm here next to the Matthews I'm in via Germany it's the highest spot really cool you out there I'm gonna show you around and I'm gonna show you actually how high it is it's a really cool spot to just see the whole city to do panoramic picture and also to just check out the sights from way up above this video is about what closing costs are tax deductible if when you close on a house when you purchase a house as a buyer and as a seller but before we get to the topic let me just tell you a little bit about my website it's at the bottom of this video Julia em Spencer calm right down here go ahead there and subscribe there today download your free guide to real estate investing there and make sure you you check the box that and check your spam folder in case some of the emails go to your spam folder you can also go to my website at Julia em Spencer dot-com there's a number of audiobooks that you can purchase download today that will give you advice on all kinds of things and also some information about me you can find me on Facebook Twitter link to anywhere social media google google my name Julia M Spencer and somebody just took the camera so this is perfect so basically this video we're just gonna talk really quickly about what closing costs are tax deductible when you sell a home because you kind of need to know that is if you're a buyer or a seller you need to of course always check with your tax attorney and also your closing attorney as well as your accountant or financial person if you have such a person is I have actually the list of the fees that have to be paid during a closing of a home and then we just read you off them because I don't remember always what they are the title fee's real estate Commission's documentary stamps credit report costs costs of an abstract transfer taxes home inspection fees flood certificate if applicable and attorney fees those are all costs that have to be paid during your closing so usually what I recommend if you purchase a home go ahead and reduce the sales price so back again in summary if you are the seller of a home the only things that are deductible to you are the taxes and the interest if you're the seller just reduce the sales price and have the buyer pay for these fewer are on the buyer side then just increase the sales price and pay for those that way you you can actually use those deductions as a buyer not as a seller but basically again in summary the only thing that I.