Carl
Level 15

Investors & landlords

It doesn't work the way you may think. First, it all depends on how you acquired the 50% that was owned by the ex-partner. Did you buy them out of their share? Maybe they passed away and you inherited it? Or they could have gifted it to you?

Precisely how you legally acquired the ex-partner's share will determine how you will enter this for the SCH E on your personal tax return.