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Get your taxes done using TurboTax
The other accommodation is to enter both income and expenses yourself. The 50% allocation does become somewhat challenging. TurboTax does ask if you want the software to allocate your ownership percentage and it specifically states 'Enter your total income and expense amounts and we will allocate...'. For this reason you can change the request and enter your expenses yourself or double the income to achieve the correct income for the year.
Keep in mind that the tax return itself is filed with the IRS and not the background worksheets which are not required to be filed with a tax return, whether e-file or paper.
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‎February 2, 2022
10:02 AM