> You should have something that shows the proceeds and costs of the sale.
I do, my HUD-1
> You don't have to override anything. Just enter 1) Your proceeds minus the commissions
I have
> and 2) Your basis plus improvements.
There is no place for me to enter this info.
I am under: "Wage&Income"-->"Investments, 1099B or Broker Statements"-->"Stocks, Employee Stocks, Cryptocurrency, Other"-->"Real Estate Sales". The only option here is to enter Sales Expenses.
I entered the sale of the property here per the "Learn More" popup.
The only other option I see would be under "Less Common Income", "Sale of a Home". This appears to be for the sale of a primary residence, but it does have a box to enter "Adjusted Cost Basis".
