I sold my home in 2018 and am now renting. I did not receive a 1099S. Are any of the costs associated with the sale deductible? IF so, how do I enter them.

[rdiphili]

I started with Deluxe on-line and in the middle of doing my return, upgraded to Premie on-line, but still can't find anyplace to enter deductions on my home sale. 

[JulieR]

Yes, deductible costs associated with the sale 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

What’s not included?

• Mortgage payoffs
• Home equity loan payoffs
• Rent-back costs
• Payoff to creditors
• Property taxes
• Homeowner association (HOA) fees

To report the sale:

• In your open return, type "sale of home" into the search box and click on the "Jump to" link that appears in the search results. Click "Continue" on the next screen. Then +Add Sale, on the next screen. Follow the program prompts to enter the details of the sale. You'll enter the combined Sales Expenses on the Sales Information screen (see sample screenshot below)