Category to use for Cost of Sale of Property Expenses

Question

What Category should I use entering expenses relating to the sale of a property before the sale is executed?

EKH · Answer

These are Expenses related to our Primary residence that we are preparing to list for sale, not an Investment (Schedule E) property.

Tom Young · Answer

There really isn't any sort of "cookbook" answer to your question.  These are your financial statements so you're free to categorize these expenses in any way that's meaningful to you.  If these costs really are expenses and not improvements then you might enter them is some existing Categories, like "Repairs" or "Cleaning and Maintenance" (both these expenses show up on Schedule E)https://www.irs.gov/pub/irs-pdf/f1040se.pdfor create special "before sale" Categories if you want to keep them distinct from more normal operating expenses.