https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/sale-of-rental-property/01/2516334#M82333 <P>I just spoke to a turbotax live expert regarding the sale of our rental property.&nbsp; They said I could add the mortgage loan payoff to the sales expenses.&nbsp; Is this correct?</P> Mon, 09 Mar 2026 05:06:07 GMT aldelgado 2026-03-09T05:06:07Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/sale-of-rental-property/01/2516334#M82333 <P>I just spoke to a turbotax live expert regarding the sale of our rental property.&nbsp; They said I could add the mortgage loan payoff to the sales expenses.&nbsp; Is this correct?</P> Mon, 09 Mar 2026 05:06:07 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/sale-of-rental-property/01/2516334#M82333 aldelgado 2026-03-09T05:06:07Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-sale-of-rental-property/01/2516369#M82335 <P>No. You cannot deduct the payoff of your mortgage balance as a sales expense.</P> Thu, 24 Feb 2022 04:29:01 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-sale-of-rental-property/01/2516369#M82335 Anonymous_ 2022-02-24T04:29:01Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-sale-of-rental-property/01/2516385#M82336 <P>No.&nbsp;&nbsp;<STRONG>Sales Expenses&nbsp;</STRONG>for selling your property include sales commissions, advertising, broker and legal fees, and transfer taxes.</P><P>&nbsp;</P><P><A href="https://ttlc.intuit.com/community/rental/help/i-sold-my-rental-property-how-do-i-report-that/00/26251" target="_blank">I sold my rental property. How do I report that?</A></P> Thu, 24 Feb 2022 04:35:48 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-sale-of-rental-property/01/2516385#M82336 DawnC 2022-02-24T04:35:48Z