Proceeds is the amount on your HUD-1 under contract sales price.
Your cost is your purchase price plus expenses of sale and any improvements you might have made.
Sales expenses include:
- commissions
- appraisal fees
- broker's fees
- legal fees
- advertising fees
- home inspection reports
- title insurance
- transfer taxes or fees
- geological surveys
- loan charges (points) or other fees paid on the buyer's behalf
