- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
If you live in a community property state, you will each account for half of the sale in your taxes. If you don't, decide among yourselves and look at the 1099-S form, whose number is there? Somebody's SSN is on the sales form already.
Yes, it looks like a $3,000 gain but don't forget to add your expenses of purchase and any improvements or assessments.
**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"
‎January 18, 2021
7:32 PM