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.

cancel
Showing results for 
Search instead for 
Did you mean: 

If I sold a principle residence owned 50/50 (not w/ spouse) do I enter the full amount of the sale price as the proceed of disposition & only half the ACB or full amount?

 
2 Replies

If I sold a principle residence owned 50/50 (not w/ spouse) do I enter the full amount of the sale price as the proceed of disposition & only half the ACB or full amount?

For both "adjusted cost base cost" and total "proceeds of disposition" you would have to put in half the total for each partner.

If I sold a principle residence owned 50/50 (not w/ spouse) do I enter the full amount of the sale price as the proceed of disposition & only half the ACB or full amount?

Turbo Tax IS NOT ALLOWING ME to answer "my portion" of the Adjusted Cost Base NOR proceeds of disposition.   Is there a glich in TT's program ???