my ex-wife and I sold a house and then split the net proceeds as part of our divorce settlement.
However, on the federal tax form I don't see anywhere that would allow for noting the proceeds were split 50-50. It looks like we are both expected to show the gross proceeds of the sale and pay taxes on it.
How is this handled on the tax forms? I'm doing my taxes online and now I live in China so I don't have an USA accountant. Please help.
I am using TurboTax Online.
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