tccpg289
Level 4
09-15-2022
08:13 PM
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2 partners owned a property together and lived there together for several years (brothers).
Partner A moved out prior to Partner B. Partner A does not meet the exclusion requirements.
Partner B does meet the exclusion requirements as he lived there 2 of the last 5 years.
Currently, the property is in a 1065 owned by A and B.
Where on the 1040 is the gain entered given that the property is currently under the 1065?
How do I enter in ProSeries to ensure it flows correctly?
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