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Get your taxes done using TurboTax
How do I put this on my taxes? Lawyer sent me a 1099-s. Is my share of the condo fully taxable. Do I only pay taxes on the capitals gains on the condo? Parents purchased for 125k, 20k improvement and we sold it for 165k.
165k was the fair market value. Do I claim 10k as capital gains and my brother claims 10k?
‎January 23, 2020
5:48 PM