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New Member
posted Apr 8, 2025 9:51:15 AM

I sold a home that I owned with another person, we split the profits. How do I record this to show just my half of the gain? All prompts are for total sales price, etc.

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1 Replies
Expert Alumni
Apr 8, 2025 10:03:20 AM

 Each of you should report his/her share of the selling price, sales expenses, purchase price, and purchase expenses on his/her return. Enter 50% of the proceed received, cost basis and expenses.