Home bought and sold for profit during 2021 by two partners. where is reported 50% of basis and gain? on personal return? 4797 has 3 options as to ownership 1, Taxpayer, 2. Spouse, Joint, i don't see any option that says owned with a third party.
If theyre not true "partners" in a formal partnership, just 2 people that each own 50% of something, then youd only report your clients half and it would be Taxpayer.
