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%?
013545
1 Replies
TurboTaxGinette
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.