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dsreid58
New Member

If two brothers co-own a second home and sell it, would their capital gains for each be half of the selling price minus half of the value when the home was inherited?

 
2 Replies
SweetieJean
Level 15

If two brothers co-own a second home and sell it, would their capital gains for each be half of the selling price minus half of the value when the home was inherited?

Please ask your TT Live rep.

rjs
Level 15
Level 15

If two brothers co-own a second home and sell it, would their capital gains for each be half of the selling price minus half of the value when the home was inherited?

Please keep all your questions about selling your cabin in one thread. Do not post separate questions about the same situation. When information is scattered in multiple threads it's confusing and hard to follow, and hard to see the whole picture. Since you are paying extra for TurboTax Live, asking a TurboTax Live tax expert is your best option, as SweetieJean suggested. But if you want to add more information or post a follow-up question, add a reply to your original question.

 

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