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    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
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    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
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