DanielV01
Expert Alumni

Investors & landlords

You can, yes.  Or, you can choose to report the sale at 160K, and then report the expenses separately.  The result will be the same. 

In TurboTax, you follow these instructions to pull up your rental home sale as described in this FAQ:  https://ttlc.intuit.com/replies/3388350.  You should be given the option to list the net proceeds (which is the Sales Price minus sales expenses) or check a box with sales expenses.  If you choose the latter, enter the full price of the sale and use the check box to detail the individual expenses you list above.

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