Deductions & credits
Yes, you can enter selling expenses when you enter the sale. TurboTax will automatically create Form 8949 when you enter the sale.
Where do I enter Form 1099-S?
Or search for home sale and use the Jump to home sale link. Follow the instructions - you can enter selling expenses when you get to the screen below. Sales expenses are listed in the sellers column of your settlement statement and 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
- any fees for a service that helped you sell your home without a broker (listing fees, promotional fliers, etc.)
NOTE: Sales expenses do not include:
- mortgage payoffs
- home equity loan payoffs
- rent-back costs
- payoff to creditors
- property taxes
- home owner association fees
