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gray1937
New Member

Do I have to report full selling price on a court ordered sale of home.I received half and the estate of my dead wife received half?

 
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AnnetteB
Intuit Alumni

Do I have to report full selling price on a court ordered sale of home.I received half and the estate of my dead wife received half?

No, you would only report your portion of the proceeds from the sale of the home.

Be sure to use half of the cost basis for the home as well so that your portion of the gain or loss will be calculated correctly.


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AnnetteB
Intuit Alumni

Do I have to report full selling price on a court ordered sale of home.I received half and the estate of my dead wife received half?

No, you would only report your portion of the proceeds from the sale of the home.

Be sure to use half of the cost basis for the home as well so that your portion of the gain or loss will be calculated correctly.


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