Can I include the payment of "investment consulting" fee for the sale of a rental property as part of my sale expense or as "any other expenses" in turbo tax?

[rc3]

I just sold a rental property. I co-owned it with an investment group but I was the only one on title. Through escrow, under additional disbursements, the portion that belong to the group was paid their proportionate share. I issued a 1099 to them to report the paid amount to the IRS, but I'm unsure as to how to enter that in my taxes. Do I enter it as a commission expense and consider it a sale expense or should I enter it as "any other expense" in the turbo tax software.

[MichaelL1 · Accepted solution]

If the expense is directly related the sale (and not related to renting the property) then it should be deducted as a sales expense. 

Main thing is it is entered in one place only.