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How to record Home Sale Proceeds
I sold a home in 2021. I’m still legally married to my spouse but we have been separated. The home was in my in my name but we spilt the proceeds from the sale in half. We are also filing separate taxes - I qualify to file Head of Household because we lived separately all last year and I have the kids…paid all housing expenses on my own. Do I record all of the home proceeds on my taxes since it was in my name? Would my spouse have to report any of that amount in their tax return?
January 26, 2022
11:00 AM