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Returning Member
posted Jun 16, 2020 7:35:43 AM

How to Report if a Couple sells their principal residence

They own it as Joint tenants.  Does the disposition get reported on just one of their returns, or both?  If I filed both of the returns showing the full value of the disposition of the same property,  should I file an amendment?

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1 Replies
Level 5
Jun 16, 2020 6:44:06 PM

Hi,

 

Each individual will have to report the sell of their principal residence.

 

Here a link that refers to this topic:

 

https://turbotax.intuit.ca/tips/reporting-the-sale-of-your-principal-residence-7096

 

Thank you!