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Deductions & credits
As the seller, sales expenses that you incur that are related to the disposition/payoff of your existing mortgage are flat out deducted from your gain. I doubt you have any such expenses.
Expenses related to your disposition/sale/transfer of the property to the buyer are added to the cost basis of the property, and thus decrease your taxable gain on the sale. I would expect these types of expenses to be the only expenses you have.
‎July 8, 2020
8:14 PM