Discuss
Discover
  • Community basics
    • Support
  • TurboTax™
    • TurboTax.ca
    Open TurboTax

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Close icon
    Do you have a TurboTax Online account?

    We'll help you get started or pick up where you left off.

    Yes No
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 
    gail02791
    Level 3

    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

    posted
    ‎December 30, 2022 12:43 PM
    last updated ‎December 30, 2022 12:43 PM
    0
    1
    176
    Reply
    1 Reply
    TurboTaxSusan
    Moderator
    Moderator

    how do i split capital gains between two owners

    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.

    ‎January 3, 2023 10:46 AM
    0
    169
    Reply
    Live Full Service: Taxes Done for you! Get matched with a local tax expert who can do your taxes, start-to-finish, the same day. Start for free!

    Related Content

    Lilkurty
    MelD1
    billgallagher201
    vincej
    Independent Tax Filer