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House Sale Capital Gains in a Divorce
I bought a house 10 years ago prior to marriage I got married the next year. Last year as part of the divorce settlement we sold the house and split the proceeds, however because it was purchased prior to my marriage the 1099-S has only my name and the full capital gains. Since splitting the capital gains was a legally binding agreement of the divorce do i only put half of the amount on the form as my selling price? Is there some way to claim half of it as a loss?
‎February 13, 2023
7:07 PM