- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Sale of Rental Property if shared with Family Member
Hello,
I have tried to find my answer online, but could not find much.. I will try my best to explain my question.
I sold my rental property in January of 2022. The rental property was a 50/50 with my brother. Sale was shared 50/50 with my brother.
How do i report this sale on turbo tax? Capital gains etc how is all that inputted if the sale was a 50/50?
Example: Lets say the property was bought at.. $200,000 and sold at $400,000 split 50/50?
Sorry if i am not explaining this properly... this is also not a principal property.
‎April 1, 2023
10:29 AM