@Carl wrote:
For a situation where you have less than 100% ownership, do not enter percentage of time. Instead, enter percentage of ownership.
Users should follow the guidance in TurboTax which is a rather simple calculation (as stated in the example in the Guidance box).
.....enter only the amounts that pertain to your percentage of ownership of the assets. For example, if you owned 25% of an asset you purchased for $100,000, you would enter $25,000 as the cost of the asset.
