Yes, your profit from the property sale would be the gross proceeds less the selling expenses.
In TurboTax, you enter your gross proceeds as the Sales Price and your closing costs (see below) as the Sales Expenses.
Here is a list of closing items that may be helpful: Selling Expenses
Other items paid from the cash at closing, like property taxes, are reported separately from the property sale. For instance, prepaid property taxes are reported under Deductions either for Schedule A (Itemized Deductions) or Schedule E (Rental Properties).
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