Primary residence that is jointly owned by my wife and I considered a partnership agreement?
By Evan Robinson · Updated
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?
"Was the joint ownership described in a contractual partnership agreement?"
Does this apply?
Are you married in community of property?
No, we are married ANC with accrual. However, we bought the property before we were married and placed it on both our names.