Co-own a home with my brother about to sell
How does taxes work in this scenario? If the property let’s say is listed for a million and we make net proceeds of 500k? 250k each. Do we both get 250k tax exclusion?
How does taxes work in this scenario? If the property let’s say is listed for a million and we make net proceeds of 500k? 250k each. Do we both get 250k tax exclusion?