Sale of Investment Property - Taxes

[Peter G.]

I am currently going over my potential tax deductions for 2018 and I have the following question. Does my expenses on the sale of an investment property in the settlements document goes into Schedule E or do I reduce it from the gross sale number. For example if I sold a property for $100 Thousand and I had a $10,000 in settlement expenses would the gross sale be $100 K and my settlement expenses go to Schedule E or would I reduce the gross sale to 90 K?

[Ashish Acharya]

@Peter G., 

Some of the expenses will be selling expense( closing cost paid you, commissions, advertising). All the normal expenses that you would have NOT incurred if you had not sold the house.

Some of the expense will be schedule E expense( taxes paid, insurance paid, HOA...). All the normal expenses that you would have incurred even if you had not sold the house.