I sold a rental property this summer with a 15 day closing schedule. Some of the windows were fogged and the buyer wanted the windows replaced. We offered money at closing and it's reflected in the seller's settlement statement. Where, in TurboTax, would I report that expense for a deduction?
Is the purchase of a home warranty for the buyer deductible and, if so, where would I report that cost in TurboTax?
All of this is a cost of sale.
It's either a reduction in the purchase price, or a cost of sale, the effect is the same in the end. It reduces your selling price and therefore your capital gains.