☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Dec 30, 2022 12:43:39 PM

how do i split capital gains between two owners

two owners 50/50  (spouses now separated) how should the sale; ACB and Outlays be recorded so that Gain is not overstated

0 1 183
1 Replies
Moderator
Jan 3, 2023 10:46:16 AM

The easiest way to do it would be to just divide everything – proceeds, ACB and outlays – 50/50. But if the former spouses had differences in their ACB and outlays, then you can enter amounts that reflect that.