Does the transfer of a principal residence due to a divorce settlement need to be reported as the sale of a principal residence?

[kgron-hotmail-ca]

My ex-spouse retained ownership of the residence. Do I now need to report the transfer as the sale of my principal residence?

[TurboTaxSusan]

Yes, you would. This TurboTax FAQ tells you how to report the sale of your home (principal residence): How do I report the sale of my home (principal residence)?