DianeW777
Expert Alumni

Business & farm

You can use the depreciation worksheet from last year and split everything in half (half the cost for each asset placed in service, half the land cost for the rental property and then the original date placed in service).  Enter each asset, using half the cost, once under your own rental activity and then again under your spouse's rental activity. Use the original date placed in service for each one and the end results will be exactly the same as they are now. It will just be split equally between your two rental activities. TurboTax will know all the prior depreciation and the current amount for each of you.

 

This will make a seamless process for each activity and they will be equal just as you want them to be.

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