"The amount you paid, which represents your ownership percentage amount".
Ah! Didn't realize that because I've never paid attention to that specific statement. So it sounds to me like you enter 50% of the cost basis for all assets, and your sales price is 50% of whatever the deal is.
This raises a possible concern with me, on if your 50% of the cost has been what's depreciated over the years on your specific SCH E. If not done correctly, then the total depreciation between the two owners would be double what it should have been. Might be worth double-checking unless you know for sure, otherwise.
