Selling condo which I own with my daughter it his her principle residence but not mine. Will I have to pay capital gains on my portion?

As it is not your primary residence, you will have to pay taxes on your portion of the capital gains. 

 

The following link details how to report your capital gains:

• Where do I report capital gains or losses in TurboTax Online?

 

For more information, please see:

• Do You Have to Pay Capital Gains When You Sell Your Home?

• Claiming Capital Gains and Losses

• How to Calculate a Capital Gain or Loss

• What Can I Claim When Selling a Home?

• Principal residence and other real estate (CRA)

 

Thank you for choosing TurboTax. If you have further questions, please feel free to contact us