All the following are deductible when calculating Capital Gain except Sales commission Advertising paid by the seller Legal fees incurred for Seller's divorce Loan placement fees or discount points paid by the seller The accounting method that records income when it is earned and expenses as they are incurred is called accrual basis cash basis pro forma basis just on time basis The following is a method for individuals or firms to invest capital to undertake larger projects than any of them could do individually Corporation Syndication LLC Conglomerate