@CesarJ can he file his half of the income with half of the expenses on his schedule E and I file my half as well without issuing an additional 1099 since I’m his wife? Or would this cause problems
What We Did on My Husband’s Return (He Received the 1099):
- Entered the full 1099 amount exactly as it was issued.
- Set ownership to 50%.
- Entered 50% of the expenses.
- Entered 50% of the cost basis (house, land, improvements).
- Took 50% of the depreciation.
What We Did on My Return (I Did Not Receive the 1099):
- Entered my 50% share of the rental income as cash income (since I didn’t receive a 1099).
- Entered 50% of the expenses.
- Entered 50% of the cost basis.
- Took 50% of the depreciation.
I have not submitted anything yet so I can still make changes if needed.
