How to show shared income of disposal of capital asset?

[britty_sisco95]

I sold a building along with 3 other people that was a rental property. How do I show that it was shared between 4 people and that the capital gains is split between 4 people?

[TurboTaxSusan]

You would need to enter only your portion of the Proceeds of disposition, Adjusted cost base & Outlays and expenses. Ex: If the property was bought for $40,000 and then sold for $80,000, you would enter $10,000 as the cost base and $20,000 as your proceeds.