Last year (2013) I sold property (the first time I have done so), and I am working with TurboTax. One aspect of the sale is settlement charges, which I had input as part of asset sales costs when prompted (it was a rental condo).

My fundamental question is whether settlement charges/costs of sale end up as a Schedule A deduction item. When I ran through the deductions portion of the TurboTax programs, TT decided that the Standard Deduction was the way to go, and in the 'overview of federal taxes' I note a 'Miscellaneous Deduction' listed that is very close to the settlement charges for the property sale (but not down to the last dollar). No other interpretation of this amount is obvious. All other info for deductions: state tax and property tax, are simple, so I am a bit hazy on this miscellaneous deduction.

Since this 'Miscellaneous Deduction' is a few thousand dollars, I want to understand fully just what it might be, lest something crept in that shouldn't. I haven't paid Turbo Tax yet, so it is not allowing me to see the forms, which may provide additional clues. Thanks in advance for your feedback.