Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 1, 2024 6:04:15 PM

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%?

0 1 3280
1 Replies
Intuit Alumni
Apr 2, 2024 9:10:54 AM

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.