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tdrakeharris
New Member
posted Mar 30, 2025 9:22:18 AM
how do i get TurboTax to allocate rental income based on 50% ownership?
why?
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1 Replies
JohnB5677
Expert Alumni
Mar 30, 2025 9:31:09 AM
There are two alternative.
You can file a 1065 partnership tax return and allocate the K-1 to your personal accounts.
You can simply allocate all expenses and income 50 / 50.
This will be posted to a Schedule E
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