The property is 50/50 ownership with different taxpayers. Last year I erroneously entered the full cost basis while having TT calculate my 50% ownership. Thus my income was changed to 50% of my 1099-misc (which was correct as both owners get separate 1099s with their amount). I didn't catch the change/error. Assume I need to amend 2023.
Now having sold the property, the same thing is happening--half of my income reported from the 1099, and the full loss on the sale is being calculated as it is based on the 100% cost I reported last year. How can I best fix this mess?
