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Joint ownership of rental
My wife (who I file jointly with) owns a rental property with her 3 other sisters - each owns 25%. Where in TurboTax (in the step-by-steps method) do I enter this 25% ownership? I did not see the question come up when I entered the details of the rental property.
In prior years, we've been using an accountant to do our taxes. I believe she manually applied a 25% of all the income and expenses on schedule E. Is that what I have to do also here in TurboTax? If so, how do I do that in schedule E?
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‎February 25, 2025
10:15 AM