Situation: owned with wife (50/50) three rental properties. One was sold in 2024. The other 2 are still active. Plan to file separately this year. How do we treat the sale of the rental and reporting tracking of the other 2. TT has been tracking the information in the joint return, how do we transfer the information to the two new MFS returns/accounts? Also the home that was sold was primary home, how do we report the sale and how do we treat the recapture? Do we have to split in half and report in both returns?
