Depreciation for rental property as a partial owner

[Paga]

I'm a co-owner with one other person in a rental property and we divide everything 50/50.  Turbotax calculates depreciation as if I were the only owner and I don't see how to change it.  How and where can I change the depreciation value in Turbotax to be half of what it reports for a full owner?

Thanks much!

-Mike

[MarilynG1 · Accepted solution]

When you set up your 50% of the property in the Assets/Depreciation section, your Cost Basis should be your 50% amount, even though you also indicated your ownership as 50% in the Property Profile.  

Depreciation will be calculated on that amount. 

@Paga