Yes, your assumptions are correct. Below are the instructions for entering a sale of personal assets for a profit. You would either reduce the proceeds by the amount of fees paid or increase the basis by the amount of fees paid.
- Open (continue) your return in TurboTax.
- In the search box, search for investment sales then select the Jump to link in the search results.
- Answer Yes to the question Did you sell stocks, mutual funds, bonds, or other investments in 2019?
- If you land on the Here's the investment sales we have so far screen, select Add More Sales.
- Answer No to the 1099-B question.
- On the next screen, select the type of sale you had (like second home, collectible, or land) and Continue.
- Continue following the onscreen instructions to enter the sale.
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