My brother and I inherited rental property this year from my mom (50%/50%). Turbo tax figured the income and expenses 50/50 when I input the full amount. For depreciation am I suppose to input only 50% of the appraisal and land amounts?
Cost: $200,000 (appraised amount)
Land: $43,500
Do I input $100,000 and $21,750 for the amounts that go on Form 4562?
