Entered into commonlaw in 2015.It was her home,I matched original down payment.In 2017 I left relation and only got that amount back. How do I record sale of residence?
Entered into commonlaw in 2015.It was her home,I matched original down payment.In 2017 I left relation and only got that amount back. How do I record sale of residence?
You will then enter it as you owned 50% of the value of the house. Then deem the disposition as your 50% - which you'd be entitled to since you were actually buying the house since your name was on the deed.
Entered into commonlaw in 2015.It was her home,I matched original down payment.In 2017 I left relation and only got that amount back. How do I record sale of residence?
Entered into commonlaw in 2015.It was her home,I matched original down payment.In 2017 I left relation and only got that amount back. How do I record sale of residence?
Yes. My name was added to the title when I moved in with her. I only asked for the amount i put in, not based on current valuation
Entered into commonlaw in 2015.It was her home,I matched original down payment.In 2017 I left relation and only got that amount back. How do I record sale of residence?
You will then enter it as you owned 50% of the value of the house. Then deem the disposition as your 50% - which you'd be entitled to since you were actually buying the house since your name was on the deed.
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