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Divorce and capital gains
I'm filing my own taxes this year. Divorced in Feb of 23' and the house sold in April 23'. We did not fulfill the 2 year lived in requirement for capital gains exclusion. My question is under the section in Turbo tax when it asks for the house info. I put the information found on the mortgage form and the 1099-S and then exclude the work done on the home. I am assuming that my ex-wife is doing the same. Is this going to cause an issue with filing? I did claim 46% of the property tax, which was decided in the divorce decree but I didn't know if I was supposed to claim 46% of the house and the improvements as well. Does anyone know how this is done?
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‎February 20, 2024
5:23 AM