Skip to main content
Level 1
October 18, 2022
Solved

How do I deduct capital gains when I own the property with someone else?

  • October 18, 2022
  • 1 reply
  • 0 views
I was part owner of a house that was sold.  I do I spread the capital gains to the other owner in turbo tax?
Best answer by Anonymous_

Did you receive a separate tax reporting statement (1099-S) for your share?

 

If not, simply enter your share of the purchase price, improvement costs, sales price, and selling expenses.

1 reply

Level 15
October 18, 2022

Did you receive a separate tax reporting statement (1099-S) for your share?

 

If not, simply enter your share of the purchase price, improvement costs, sales price, and selling expenses.