- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If you're asking how to split the one price amongst the three properties, find out the fair market value (FMV) of each property. Based on that amount, figure out the FMV percentage of each property and apply that percentage to the sales price.
If the third house was a rental, see I sold my rental property. How do I report that?
If the third house was for personal use but not your main home, see Where do I enter the sale of second, third, etc., home, an inherited home, or land on my 2021 taxes?
If the third house was your main residence, see Is the money I made from a home sale taxable?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 16, 2022
5:11 AM