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.
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