@dcarbine
as @Carl responded your divorce agreement and a discussion with your ex is needed. you first need historic information on depreciable base of the property. You enter exactly what was agreed to in the divorce agreement. Based on your response then you have 50% till date of divorce then 100% from divorce date. You really need to confirm how your ex is handling it too as he should have a disposition of the asset.
The biggest problem is how to enter in TT.
You would enter the original assets at 50% of all history. Then enter an additional asset for the other 50% for the date of divorce for each asset of that is what was agreed to in the divorce. you do not get any step up in basis in a divorce so be careful entering the proper history. Best way to do this is to have the old electronic files and edit them.
**I don't work for TT. Just trying to help. All the best.
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**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
