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kdaashiem
New Member

Bought and sold a home on a 50/50 basis. When reporting the sale, do i only report it with my half of the numbers?

 
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MinhT
Expert Alumni

Bought and sold a home on a 50/50 basis. When reporting the sale, do i only report it with my half of the numbers?

Yes. You describe the property as 50% in [address] and report 50% of every nimber (cost basis, sales expenses, sale price).

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