asked

I sold my home for $495,000 and received a settlement check of $363,000 after paying off the mortgage, realtor fees, and other expenses. The home value was listed on the Inventory Form 1670 as $369,000. Should I list the sale of the home as a gain of $132,000 and include the mortgage payoff and other expenses under disbursements, or list it as a $6,000 loss based on the settlement check amount?

January 24th, 2024

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