Hello,
So my sibling and I own two homes, one was purchased under our name and the second was gifted to us by our parents. In home1 is where my sister and I live, and home2 is where our parents live, with both homes also having renters.
My understanding is since I own 50% of the home, and 50% of it is being rented out that's what I should be reporting for each home. So under Rental property info > general info > situations > renting a unit part of home > I should be saying Area of home rented is 50%.
Also in Ownership percentage I should be saying 50% as well. Is that correct?
Thank you!
