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.
01442
1 Replies
MayaD
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.