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How can I ensure the depreciation is prorated to my percentage ownership?
I own 50% of a rental.
I selected Turbotax to calculate my share of expense/income, and enter the full amounts.
Turbotax calcuates 50% on the income/expenses, but does not prorate depreciation expense on Schedule E line 18.
If I manually overwrite by dividing by 2, Turbotax mentions I cannot file electronically if I overwrite.
How can I ensure the depreciation is prorated to my percentage ownership?
Thank you!!
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‎January 14, 2023
6:28 PM