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E
enikonova042
April 8, 2025
Question

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.

  • April 8, 2025
  • 1 reply
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    1 reply

    M
    MayaD
    April 8, 2025

     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. 

     

     

     

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