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Investors and rental owners
If you are preparing the tax returns linked together in Turbo tax the Capital Gains screen offers the option of splitting the net claim with your spouse, box below the "Type" drop down menu. Other wise you will need to manually prorate the information between the tax returns.
It should be noted that on the T776 the UCC, Proceeds, will need to be reported individually on each co-owners rental schedule.
It should be noted that on the T776 the UCC, Proceeds, will need to be reported individually on each co-owners rental schedule.
‎October 30, 2019
12:45 AM