Leo N
Returning Member

Deductions & credits

TurboTax suggested Single as the best choice, and it was used for the 2024 return with no problems. Also, this is the info from IRS (which makes no distinction between a divorce and a separation):

"If you're legally separated or divorced at the end of the year
You must file as single for that tax year unless you're eligible to file as head of household or you remarry by the end of the year."

https://www.irs.gov/individuals/filing-taxes-after-divorce-or-separation#:~:text=If%20you're%20legal...

 

My question was about what gain each spouse should report and where/how. Is it the actual amount each party received (it's not 1/2 of the net house sale proceeds per the Marital Separation Agreement) minus 1/2 of the original purchase price of the house?