The Proceeds of Disposition is the total sale price. If you are reporting a taxable capital gain for the property, then the legal and real estate fees associated with the sale are reported as Outlays and Expenses. You are not able to claim an outstanding mortgage balance.
marliehutchings-
New Member
pepita0516
New Member
wendita
New Member
jame387608
New Member
dr_c_brownstein
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.