How do I enter half the gain for the sale of a house on my 1040 tax return?


I was divorced and sold a house for the tax year of 2006. The total gain for the house was $380,000.00 but half of the gain is my ex-husbands. As a person filing single I only can go up to a gain of $250,000.00 before I need to report it, were as a married filing jointly has up to $500,00.00. I can find nowhere how to report the numbers. The divorce decree states the profits will be divided 50/50. Do I report the half amount of everything with an attachment explaining the half numbers? Half the sold price, half the selling fees, half the adjusted basis? Or do I report the full amounts but in the end only report half. Or do I not report any since I shouldn’t have to because my actual gain is under $250,000.00? But is the IRS going to question not reporting it since the 1099 statement shows the full gain of $380,000.00 is not split in half.

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