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When reporting on the sale of primary residence with my spouse I separated from in the tax year, what gets entered under Adjusted Cost base, entire purchase price or 50%?
April 1, 2024
6:04 PM
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You would enter the full amount under both of you and make sure that you had answered that you both owned it at 50%.
It will then automatically split the amount that the property was sold for, as seen above.
Thank you for choosing TurboTax.
April 2, 2024
9:10 AM