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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 1 460
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.