I co-owned a home with my daughter 4 years. Her primary residence during that time. We sold it for $3000 more. Who should claim this "capital gain", or is it excluded?
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I co-owned a home with my daughter 4 years. Her primary residence during that time. We sold it for $3000 more. Who should claim this "capital gain", or is it excluded?
I co-owned a home with my daughter 4 years. Her primary residence during that time. We sold it for $3000 more. Who should claim this "capital gain", or is it excluded?
Since you co-owned the home with your daughter, you will each report your proportional share of the sale on your returns. The following instruction explains how to enter the sale of this co-owned home and how to exclude the gain if it was your primary home. https://ttlc.intuit.com/replies/6793410
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