Inherited house sale and adjustments for Form 8949

[TaxingInPleasantonCA]

The scenario:
Executor of a trust in which we sold an inherited home within six months, so I understand on the 8949 form I'm supposed to list "Inherited" under date acquired, and the sales price (say $1.1 million) matches the Cost Basis ($1.1 million) under Fair Market Value within the six-month threshold.
Question: Do I write off sales costs (agent commissions, escrow fees, transfer tax, inspections, staging, plumbing repair, lawyer fee) under the (g) adjustment category, for say $50,000? Then my gain/loss column would be minus-$50,000?

Thank you

[RobertB4444]

Yes.  Selling expenses are entered into that space and become a loss on the sale.

@TaxingInPleasantonCA 

[AmeliesUncle]

The Basis is the Fair Market Value on the date of death.

Despite what some people claim, it isn't necessarily the same as the selling price merely because the sale is within six months of the date of death (unless the Estate is required to file a Form 706 to pay Estate tax and the Estate qualifies for and elects the Alternate valuation method).

A $1.1 million dollar house can easily have increased in value by $20,000+ in six months.

[AmyC]

Yes. You will add the expenses for the cost of sale to the basis. You might have a loss, that isn't uncommon.

Check that you have your basis correct. See IRS FAQ Inheritance