Thank you for the very rapid response. Entering half the amount of total depreciation on each daughter's return will certainly work. I think that you meant to say in the second sentence that total depreciation expense (as opposed to half the cost of the rental - presuming rental income?) should be halved. But, perhaps you were referencing half the cost of total depreciation on the rental property?
If there are other expenses which are greater than $2,500, I suppose that these should not be listed on line 19 (other expenses) when using De Minimis, since the De Minimis election would reject these? If De Minimis were not elected, however, such charges possibly could appear on line 19?
Thanks again for your inciteful responses!
I have another question on the distribution of RMDs on my part-year New Jersey return that another tax expert was unable (or not available) to answer, but perhaps I should post my question again?
