You will have to enter the whole $210000 as the selling price. The repaid mortgage of $30000 cannot be deducted. For your information sales expenses 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
Sales expenses do not include:
- mortgage payoffs
- home equity loan payoffs
- rent-back costs
- payoff to creditors
- property taxes
- homeowners' association fees
See this FAQ for additional information:
https://ttlc.intuit.com/replies/3388350
