IS HOME STAGING TAX DEDUCTABLE?
YES! This may be old news to some, Home Staging services can be considered an advertising fee (See IRS Publication 523) and these selling expenses include commissions, advertising fees*, legal fees and loan charges paid by the seller.
*Staging a home for re-sale is considered an Advertising fee. There are no time limits on the Advertising Fees related to the sale for the IRS. However, it is important to note that if a property does not sell and is taken off the market; expenses for that transaction are NOT deductible in the future. Check with an accounting professional for full details and see how it applies to your sale.
Main Source: http://www.irs.gov/publications/p523/index.html
Call Melbourne Home Staging, LLC today ...because...the sooner you stage, the sooner you sell!
Nora Marek (321)795-8761
Brevard County Home Stager
Licensed, Certified, Insured
Visit our website: www.MelbourneHomeStaging.com
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