In the divorce (Feb 2018) i got 55% of the house sale. When calculating capital gains do I use 55% of the original house price and 55% of the 30 years of improvements?

donmartaylturbo · ‎June 5, 2019

MinhT · ‎June 5, 2019

As your share in the house is 55%, you should report 55% of everything (cost basis, improvements, sales expenses, selling price).

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MinhT · ‎June 5, 2019

As your share in the house is 55%, you should report 55% of everything (cost basis, improvements, sales expenses, selling price).

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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