BillM223
Expert Alumni

Investors & landlords

I would do option A - enter half of the sale and basis.

 

At the same time, document what you did (entire sale, basis, any expenses, etc.) and make a copy of the 1099-B (or whatever you have) and keep these in your tax file in case anyone asks (I doubt they will).

 

Keep it simple while still getting the right answer.

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