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?

gray1937 · ‎June 6, 2019

AnnetteB · ‎June 6, 2019

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.

AnnetteB · ‎June 6, 2019

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.