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Qazas says: 14 November 2015 at 12:31 My wife and I sold our primary residence this year. The property was on both our names. One of the questions on the tax return is: "Was the joint ownership described in a contractual partnership agreement?" Does this apply? |
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TaxTim says: 15 November 2015 at 10:12 Are you married in community of property? |
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Qazas says: 15 November 2015 at 19:38 No, we are married ANC with accrual. However, we bought the property before we were married and placed it on both our names. |
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TaxTim says: 15 November 2015 at 22:07 You can ignore the partnership question and include 50% of the proceeds and base cost. |
