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J01
Returning Member

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?

1 Reply

How to Report if a Couple sells their principal residence

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!