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My wife & I purchased a rental property together before we were married. Now that we are filing jointly, do we manually add our Schedule E boxes into this year's return?
In previous years, we filed as singles and each claimed 50% of the income and expenses on our shared rental property. We are now married filing jointly using my TurboTax account. Turbotax automatically pulled in the Schedule E value from my return from last year. Do I need to manually add this value with my wife's Schedule E from last year and submit that new value instead?
‎February 24, 2025
3:42 PM