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April 8, 2022
Question

Can i entr 0% for the amount of my principal residence owned by others?

  • April 8, 2022
  • 1 reply
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Will not allow me to enter 0% for the amount of my principal residence owned by others

    1 reply

    March 2, 2023

    When answering the question: How long were you living at your principal residence?

    For the question: (your name’s) principal residence for: select “all the years owned”.

    For the question: % owned by (your name): enter 100%.

    For the question: % owned by anyone other than (your name): enter 0%.

    If the house that you sold was not your principal residence for some of the years owned, it will still trigger capital gains even if you owned it 100%.

     

    If you own 100% of the property, you can probably leave the "owned by anyone else" blank and just put 100% for the "owned by me" section. 

     

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