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jimstento
New Member

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

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

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Accepted Solutions
CarolynM
Level 1

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

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. 

View solution in original post

1 Reply
CarolynM
Level 1

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

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. 

View solution in original post

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