Sale price of home that was a rental

[rkowenby]

Can I deduct realtor fees and closing cost from the basis of the sale price on a rental property.

[Critter-3]

Closing costs are NOT deducted from the sale price  they are ADDED to the cost basis of the property.  The program will ask you for these in the interview in the asset section. 

[MayaD]

You actually need to add the closing cost and realtor fees to the cost basis of the property. Adding the fees to the cost basis will reduce your capital gain.