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Level 1
June 1, 2019
Question

Sold a house after house with ex husband can we both claim the house

  • June 1, 2019
  • 1 reply
  • 2 views
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1 reply

MichaelL1
Level 15
June 1, 2019

A jointly sold home with a x-spouse, you should report your share of the sale on your return (as they should also).

So for example if house sold for $250,000, and your share of $125,000 then that is what you would show on your return. Also half of cost is entered. 

If this is a Personal Residence, then in TurboTax you will enter it as follows:

Federal Taxes

Wages and Income

Less Common Income

Sale of Home.