Bought or Sold a Property This Year? You Need This Document for Taxes!

If you bought or sold property in 2025, there’s one important document that you need to start fishing out for your CPA, your accountant. Somebody’s going to need it because it’s tax season.

That document is called a closing disclosure. Both documents do the exact same thing. It’s basically the entire real estate transaction financially, in a nutshell.

The difference between the names is going to be whether the buyer got a loan for the property. If the buyer got a loan, then it’s a closing disclosure. If the buyer paid cash for the property, then it’s a settlement statement.

It’s a couple of pages, and it has the buyers’ names, the sellers’ names, and all of the money that’s changing hands.

Most of you should have received a copy. You thumb through it, and you still can’t find it? Call your real estate agent. They’re going to have a copy of it.

Or go through your closing documents. Your escrow officer or real estate agent probably made this comment to you at closing: “Hey, this is the document that your CPA is going to need come tax season because you bought or sold this property.”

I wanted to do a video on it because we just got through sending a copy to all of our buyer and seller clients who closed in 2025.

Just a, “Hey, heads up, if you’re looking for this document, oh, by the way, here it is.”

There you go!