topic Can I claim 100% of capital gains on rental property sold even though my wife is on title? Over the years any income/expenses for property were claimed 100% by myself. in Investors and rental owners https://turbotax.community.intuit.ca/community/investments-rentals/discussion/can-i-claim-100-of-capital-gains-on-rental-property-sold-even-though-my-wife-is-on-title-over-the/01/922582#M4114 <P>During the year we sold the rental properties I had much lower income so was hoping any capital gains calculations would be done at my tax bracket. As already stated during the years we operated the rentals I claimed 100% of the income and expenses. Within turbo tax I was able to select rental partnership distribution at 100% to 0%. I am hoping I can do the same for capital gains</P> Wed, 30 Oct 2019 22:10:17 GMT yattak07 2019-10-30T22:10:17Z Can I claim 100% of capital gains on rental property sold even though my wife is on title? Over the years any income/expenses for property were claimed 100% by myself. https://turbotax.community.intuit.ca/community/investments-rentals/discussion/can-i-claim-100-of-capital-gains-on-rental-property-sold-even-though-my-wife-is-on-title-over-the/01/922582#M4114 <P>During the year we sold the rental properties I had much lower income so was hoping any capital gains calculations would be done at my tax bracket. As already stated during the years we operated the rentals I claimed 100% of the income and expenses. Within turbo tax I was able to select rental partnership distribution at 100% to 0%. I am hoping I can do the same for capital gains</P> Wed, 30 Oct 2019 22:10:17 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/can-i-claim-100-of-capital-gains-on-rental-property-sold-even-though-my-wife-is-on-title-over-the/01/922582#M4114 yattak07 2019-10-30T22:10:17Z It depends on her financial contribution to the purchase... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/it-depends-on-her-financial-contribution-to-the-purchase/01/922583#M4115 <P>It depends on her financial contribution to the purchase of the property. If she paid part of the purchase price, the gain has to be attributed to her proportionally. Find more information&nbsp;at the following link:&nbsp;<A href="https://turbotax.intuit.ca/tips/can-i-split-my-capital-gain-with-my-spouse-2-6360" rel="nofollow" target="_blank">https://turbotax.intuit.ca/tips/can-i-split-my-capital-gain-with-my-spouse-2-6360</A>&nbsp;</P> Wed, 30 Oct 2019 22:10:18 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/it-depends-on-her-financial-contribution-to-the-purchase/01/922583#M4115 TurboTaxJared 2019-10-30T22:10:18Z
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topic Can I claim 100% of capital gains on rental property sold even though my wife is on title? Over the years any income/expenses for property were claimed 100% by myself. in Investors and rental owners
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/can-i-claim-100-of-capital-gains-on-rental-property-sold-even-though-my-wife-is-on-title-over-the/01/922582#M4114
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<P>During the year we sold the rental properties I had much lower income so was hoping any capital gains calculations would be done at my tax bracket. As already stated during the years we operated the rentals I claimed 100% of the income and expenses. Within turbo tax I was able to select rental partnership distribution at 100% to 0%. I am hoping I can do the same for capital gains</P>
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<dc:creator>yattak07</dc:creator>
<dc:date>2019-10-30T22:10:17Z</dc:date>
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Can I claim 100% of capital gains on rental property sold even though my wife is on title? Over the years any income/expenses for property were claimed 100% by myself.
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/can-i-claim-100-of-capital-gains-on-rental-property-sold-even-though-my-wife-is-on-title-over-the/01/922582#M4114
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<P>During the year we sold the rental properties I had much lower income so was hoping any capital gains calculations would be done at my tax bracket. As already stated during the years we operated the rentals I claimed 100% of the income and expenses. Within turbo tax I was able to select rental partnership distribution at 100% to 0%. I am hoping I can do the same for capital gains</P>
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<dc:date>2019-10-30T22:10:17Z</dc:date>
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It depends on her financial contribution to the purchase...
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/it-depends-on-her-financial-contribution-to-the-purchase/01/922583#M4115
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<P>It depends on her financial contribution to the purchase of the property. If she paid part of the purchase price, the gain has to be attributed to her proportionally. Find more information&nbsp;at the following link:&nbsp;<A href="https://turbotax.intuit.ca/tips/can-i-split-my-capital-gain-with-my-spouse-2-6360" rel="nofollow" target="_blank">https://turbotax.intuit.ca/tips/can-i-split-my-capital-gain-with-my-spouse-2-6360</A>&nbsp;</P>
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<pubDate>Wed, 30 Oct 2019 22:10:18 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/it-depends-on-her-financial-contribution-to-the-purchase/01/922583#M4115
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