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
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.
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.