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TT 2018 Warning: TT still refuses to prorate rental property depreciation, forces override cancelation before e-filing. Major defects.
According to my tax attorney, when two unmarried people own a rental property, the annual depreciation is to be prorated between them.
TT has always forces the full depreciation on the filer using TT.
In the past you could override the field for the shared depreciation and enter the correct amount. You can do that for 2018 as well.
HOWEVER, when you try to file electronically, TT refuses to do so unless you cancel the override. Hence, a compounded product defect.
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‎June 6, 2019
12:43 AM