Monty
Level 2
02-14-2022
02:02 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Couple is getting a divorce and want's to file married filing sepateraly. They sold their home 2021 and have $400K gain. The house is in both husband and wife's names. How should this be reported so they can exclude the gain? Can we just split up the sale price 50/50 and exlclude half the gain on each return?
Labels