What amount do I need to claim on my income tax? Say the amount was $80,000.00 with both our names on the 1099-S.
2007-02-01 09:57:31 · 3 answers · asked by pat o 1 in Business & Finance ➔ Taxes ➔ United States
Jimbo is right, except that you have to have lived there for two of the last five years, not three.
2007-02-01 13:50:49 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
$0 - If this was your primary residence and you lived there for at least three of the last five years.
If it does not qualify for non-recognition, then half of the gain would be yours unless you and your spouse had some other split of the proceeds.
2007-02-01 10:06:46 · answer #2 · answered by jimbo 1 · 0⤊ 0⤋
i don't see a query right here. you may sue your ex husband for failure to conform to the courtroom order. If the courtroom unearths you ex isn't able to refinance the courtroom will assessment his efforts to sell and if those efforts are not real looking (like attempting to sell for too lots money), the courtroom will take over administration of the sale out of your ex to get the deal finished despite if it ought to be finished at a loss.
2016-10-16 10:25:49 · answer #3 · answered by ? 4 · 0⤊ 0⤋