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The sales expenses would be split between the two of you according to the percentage of ownership.
You will have no reporting requirement related to the sale of your primary residence if you meet the gain exclusion requirements unless you received a 1099-S from the sale.
See this IRS link for more information on the exclusion:
https://www.irs.gov/taxtopics/tc701.html
If you did receive a Form 1099-S for this sale, that means the IRS also got a copy and you will need to report this information into TurboTax.If it is only in one of your names, you may want the issuer to issue new ones.
This is how:
The sales expenses would be split between the two of you according to the percentage of ownership.
You will have no reporting requirement related to the sale of your primary residence if you meet the gain exclusion requirements unless you received a 1099-S from the sale.
See this IRS link for more information on the exclusion:
https://www.irs.gov/taxtopics/tc701.html
If you did receive a Form 1099-S for this sale, that means the IRS also got a copy and you will need to report this information into TurboTax.If it is only in one of your names, you may want the issuer to issue new ones.
This is how:
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