1099-S amount or whats on settlement sheet as credit

[stech]

When entering 1099-S for sale of my home, what amount do I enter as total money received? Is this the amount on my 1099-S (which is the price of sale) or Do I look at whats on my settlement sheet was total credit. This basically includes my sale price - all fees associated with selling and payment to mortgage company?

Example.

 Sale price $200K, but mortage was $150K, fees were $10. So, 200-150-10=40?)

[DoninGA]

You enter the proceeds from the sale that is on the Form 1099-S Line 2.

[DoninGA]

Also note that paying off the mortgage is not included when calculating the gain or loss on the sale, it is not a Sales Expense.

IRS Publication 523 Selling Your Home - https://www.irs.gov/pub/irs-pdf/p523.pdf

Gain or Loss = Sales Price minus Sales Expenses minus Adjusted Basis (Purchase Price plus the cost of improvements prior to the sale)