Solved
I gave my house to my ex when we broke up. She refinanced it into her name. I made no money off of it
No text available
You do not have to report a sale on the house, because you do not have a gain on the sale of the home.
If the value of your basis in the house was more than $14,000, you will need to keep track of this transaction as a gift because it will reduce the total of your lifetime estate tax exemption. The lifetime gift tax exemption is $5.43 million.
See https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Planning-and-Checklists/The-Gift-Tax-Made-Simple/INF12127.html for more information on Gift Taxes.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
