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Rental property depreciation when owned by multiple people filing own returns
I own 50% of a rental property with another person. I tell TT that I want to enter income/expense for the entire property and that I own 50%. It successfully divides all figures in half, except depreciation. This intuitively seems incorrect and should also be divided in half. What is the correct way to enter it? Is it a bug in TT?
March 23, 2025
1:29 PM