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My ex-husband and I sold off a portion of our marital property and split the proceeds - where do I account for this on my tax return?

 
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3 Replies
ColeenD3
Expert Alumni

My ex-husband and I sold off a portion of our marital property and split the proceeds - where do I account for this on my tax return?

It depends what type of property you are talking about. Rental, personal home, land? Each type has it's own entry.

 

Land is under investments. Sale of home is under Less Common Income. Rental property can be found by typing Rental in the search box.

My ex-husband and I sold off a portion of our marital property and split the proceeds - where do I account for this on my tax return?

We still own our marital residence on four acres of land and sold off one acre of undeveloped land to an adjacent neighbor

JohnB5677
Expert Alumni

My ex-husband and I sold off a portion of our marital property and split the proceeds - where do I account for this on my tax return?

Li is correct.  If you sold Land it would be under:

  1. Investment Income
  2. Select Stocks Bonds ..
  3. Did you sell investments  YES
  4. Did you get a 1099 B   NO
  5. Scroll down to Land

Continue through the screens.

 

 

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