Profile picture for dadav6

can i write off my online auction fee i paid to auction site provider?

I won an auction and they charged me for 5k fee. can write that off? It's for an investment property.
  • March 01 2010 - Garden Grove
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Answers (2)

That is correct. You definitely need to ask your CPA. I am not providing legal or Tax advice. However, this fee does not sound like a write off. Points on a loan can be written off as they are considered to be pre-paid interest.
  • October 21 2010
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Profile picture for wetdawgs
Sounds like an excellent question for your CPA.
  • March 01 2010
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