Thanks.
In this case, will the Sale price be excluding the mortgage payment then?
My capital gain is only $50,000 here (100k - 50k). Should I be showing the capital gain as the Sale price? I dont want the entire $100K to be shown as capital gain, which is incorrect. How do I show the payoff amount to correctly represent my capital gain? Dont want Turbotax to tax me on entire $100K.
