Do I include settlement charges, assessments for the rest of the year, deed fee, and recording office fees for the expenses on the sale of a home?

[VictoriaD75]

Sales expenses include most items that would not be separately deductible on your taxes or loan fees.

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 or interest

 - home equity loan payoffs

 - rent-back costs

 - payoff to creditors

 - property taxes

 - home owner association fees

[sbeck48]

It seems like the answer I got was the same general answer as when you click on the info icon on your site and I was hoping for an actual specific answer based on the specific items included in the list I gave, so no, this answer did not really help.

[Carl]

As the seller, sales expenses that you incur that are related to the disposition/payoff of  your existing mortgage are flat out deducted from your gain. I doubt you have any such expenses.

Expenses related to your disposition/sale/transfer of the property to the buyer are added to the cost basis of the property, and thus decrease your taxable gain on the sale. I would expect these types of expenses to be the only expenses you have.