Your Life

Your Life

Major life milestones often have a major tax impact. Changes in your marital status, having a baby or adopting a child can have significant impact on your taxes. This is the place to ask questions about dependents, real estate, and other various scenarios that play a significant role in what taxes you pay.

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kkhr2014
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kkhr2014
Posts: 11
Registered: ‎03-04-2015

capital gains sharing
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‎04-16-2017 06:46 AM

Hello,

 

Can somebody help with how to enter capital gains shared with ex.  As part of final settlement, we agreed to share the capital gains for positions before final judgement.  I see the option in the software to "Nominate" and later select "due to divorce".  The question is should I split the basis and proceeds into half ?  The questions is because this will cause a mismatch between my totals and the one reported to the irs.  Is there any other better way ?

 

Thanks

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