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Investors & landlords
We split everything down the middle.
Are you sure you split 'everything" down the middle? When you entered the rental property into TurboTax in 2017, did each of you enter on your individual tax returns, one half of the cost basis? Are both of your names on the mortgage? Are both of your names on the title/deed to the property?
If you truly split "everything" down the middle, then this should not be an issue.
March 10, 2021
5:25 PM