How do I split the sale of a primary home between two people in turbo tax?

[jimstento]

The form 1099-s is in one person's name and there is a capital gain that needs to be split with another person.

[CarolynM · Accepted solution]

You split as the percentage of ownership. You split both the cost basis and the sales price.

Both taxpayers should keep a copy of form 1099-s in their tax records as well as the documentation supporting co-ownership.