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February 12, 2022
Question

How do I split capital gains on a land sale between my husband and I? TT asks for percentage claimed by spouse but it doesn't appear to flow through to them.

  • February 12, 2022
  • 1 reply
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    1 reply

    February 24, 2022

    TurboTax doesn't automatically split capital gains and losses between spousal returns. Each spouse must separately report the appropriate percentage on their own return according to the percentage owned by each spouse.

     

    For more information please review our TurboTax article All Your Questions About Capital Gains and Taxes, Answered

     

    Thank you for choosing TurboTax.