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?
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!
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