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Entering figures for sale of jointly owned investment property
I sold an inherited rental property this past year. It was jointly owned by my sister and me. In Turbo Tax deluxe, I always marked that I owned 50% share, and it automatically gave me credit for half of every expense/income line item. Does it do the same for the sale of the house? Does Turbo Tax Deluxe recognize that I had 50% ownership, so I enter the full sale price and sales expenses, or do I enter half?
‎January 19, 2021
2:06 PM