PatriciaV
Expert Alumni

Investors & landlords

For a partial ownership of a Rental Property, you need to enter only your portion of the property basis for depreciation. While TurboTax will offer to allocate income and expenses for you based on your ownership percentage, this does not apply to the rental assets. Enter the price you paid (not the total for the property).

 

It's possible on other properties you reported less than 100% business use. Check the "Bus Use %" column on the depreciation report for last year.

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