We sold our home and split 3 ways. We do all qualify for the capital gains tax exemption of $250k per person. When filing on turbo tax, purchase price is asked when filling in the portion for the 1099-S. For each person, do we report the same original purchase price of the home or do we have to split the purchase price as well?
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Since the 1099-S was split into thirds, do the same for the basis (purchase price) of the home.
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