Erin C. asked
How should I report the capital gain from the sale of a house purchased in 2008 for $96,000 and sold in 2023 for $200,000, when the gain is divided among three siblings, and my system does not allow me to change the total gain of $104,000 without using a code and making a negative adjustment?
April 25th, 2023
Sarah F. answered
Each sibling should report their portion of the capital gain, which is approximately $34,667. If you...
April 25th, 2023
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