Thanks, GeorgeM777. Quick question. We received a 1099 and 1098 on one of the properties. The property is in both mine and my husband's name, yet Turbo Tax doesn't have a button for BOTH when entering the 1099-Misc. Should I split the amounts showing on the 1099-Misc and enter a 1099-Misc for my husband and a 1099-Misc for me? Or just enter it in one name? Same for the 1098?
I did all the calculations last year for the two 8824 forms. I found that spreadsheet and it definitely shows I have a much smaller cost basis than what I used on our 2021 return (hence the need for the amended return). I want to get it right so that I'm not compounding a problem! Thanks for the references you mentioned. I'm beginning to get a much clearer picture of the process.
