Is the gross proceeds form the sale of a vacation home the selling price or the balance due to the seller on the final sellers statement from escrow?

[Rachel_W · Accepted solution]

The gross proceeds from the sale of a vacation home is the "selling price" of the vacation home.  

Any fees you were charged at closing can be deducted as "selling expenses".

For instructions on entering the sale of a vacation home, see the TurboTax FAQ below:   

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