Schedule 3: How to split capital gains on investment property?

[lastadam]

My wife and I sold a real estate investment property last year, co-owned 50/50. How do we split the capital gains on Schedule 3?

Do we split all the numbers 50/50, and enter the halved numbers on all the columns (Total Proceeds, ACB, Expenses)?

Thank you

[TurboTaxLise]

Each spouse must separately report the appropriate percentage on their own return. Please review the link provided below for more information:

• How do I split capital gains between spousal returns?

Footnote:  We at TurboTax want to encourage you and your close family to take all necessary precautions to ensure your safety. Please review the article provided below for more information: 

• What to know about COVID-19 and Your Taxes.