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I own half of a rental house. Do I enter the whole rent tenants paid, or just the half that is mine?
TurboTax knows I own half, and says "We'll do the math" but that doesn't tell me the answer. Also, TurboTax doesn't show you whatever math it's doing. Let's say tenants paid $10,000. I entered $5,000 in 'Rental Income' because that's my part of rental income. TurboTax then also cuts this wrongly in half? Or not? It doesn't show details.
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‎July 3, 2021
7:05 PM