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Get your taxes done using TurboTax
Perhaps not. To follow-up on the prior posts, what was the nature of your ownership in the home with your spouse? For example, were you joint tenants? Or were you tenants-in-common? Also, who is listed as the actual owner of the home? You mentioned your name is on the Form 1098; however, we need to know whose name is on the title/deed of the home.
Generally, spouses cannot split proceeds/gain/losses on the sale of a home when they file MFS in order for one spouse (or both) to gain some tax advantage.
@singlebordop
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‎February 6, 2023
9:37 AM