Sale of Home After Divorce
TP divorced in 2023. TP lived in host until sold in 2024. $400K gain to report. Former spouse retained share in home and net funds after sale were split. 1099-S was not provided by closing agent. To benefit from the capital gain exclusion, do I just split all the figures in half and report only TP's halves as the sales price and expenses? Do I split the basis in half? Is there a worksheet or form I should use to apportion everything so both parties can use the exclusion.
