I got only 50% of the check and the other half was given to my son (he did not pay for the house, did not receive the rent and did not file tax for the house, but since his name was on the title, the closing firm insist split 50-50. As asked the question to IRS help hot line but they had no answer for me. I posted this question yesterday and got an answer that I have to file 50-50 with my son. In this case, I ended up enter everything in half (hence cannot even put 1 day in the number of days I rented). Other wise, I will end taking the whole depreciation amount from previous yeas but the proceed would not match the 1099-s. Even with 50-50, my son's tax from will still not be technically correct, since the 50% depreciation amount he will put in was claimed in my tax forms, not his. I protested during the closing, but was not given one check instead of two.
