TurboTax can divide income and expenses for rental property based on percentage of ownership; but can it also divide depreciation? It looks like it cannot. Starting in 2022, my co-owner and I became 50% owners in a rental property and (for my tax return, we're filing separately) I have opted to have TurboTax calculate 50% of total income and expenses, and it calculates those correctly; but it seems to be giving me 100% of the depreciation. How do I enter 50% of depreciation for my individual tax return to reflect 50% of ownership?
Thanks!
-Mike
