How do I deduct capital gains when I own the property with someone else?

[ricksviking]

I was part owner of a house that was sold.  I do I spread the capital gains to the other owner in turbo tax?

[Anonymous_ · Accepted solution]

Did you receive a separate tax reporting statement (1099-S) for your share?

If not, simply enter your share of the purchase price, improvement costs, sales price, and selling expenses.