# Accounting for house sale?

**URL:** <https://community.tiller.com/t/accounting-for-house-sale/14970>\
**Category:** Ask Anything\
**Tags:** how-to\
**Created:** [November 10, 2022, 7:48am UTC](https://community.tiller.com/t/accounting-for-house-sale/14970 "2022-11-10T07:48:17Z")\
**Posts on this page:** 1\
**Showing post:** 3

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**Author:** ![cculber2](https://sea2.discourse-cdn.com/flex020/user_avatar/community.tiller.com/cculber2/32/4099_2.png) [@cculber2](https://community.tiller.com/u/cculber2)\
**Post date:** [November 10, 2022, 5:37pm UTC](https://community.tiller.com/t/accounting-for-house-sale/14970/3 "2022-11-10T17:37:34Z")

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This is effectively what I did when we sold our home last year, but slightly more nuanced. Additionally, I used the [Paycheck Deduction Transaction Generator](https://community.tiller.com/t/paycheck-deduction-transaction-generator/11420) to itemize the closing statement to divide the gross sale amount across various expense categories for budgeting and tracking purposes. In the end, your home value should be zeroed out, and you will have a gross income from the sale, less any closing costs. The net proceeds then are deposited into your account(s), increasing the balance(s).

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_[View the full topic](https://community.tiller.com/t/accounting-for-house-sale/14970)._