How to enter Co-Owner info knowing TurboTax cannot split Rental Income & Expense ?

[38WWDr]

I'm using TurboxKnowing now that TurboTax 2025. I'm filing tax return with my wife together

Knowing now that Turbotax cannot automatically split the rental income & expenses. I have manually entered the rental income and expenses 50% on each of our return and indicate it as 100%. I KEPT the "Co-Owner" box checked as co-owned property. However, after saving the return, close it.  When I reload the return, the 100% was NOT saved and shows as .000%

Question#1: Why the 100% was NOT saved ?

However, since my wife and I co-owning the property. 

Question#2: Should I still check the box as "Co-Owner" or I should check "Sole Propertior" box for 100% owner ship for BOT of our return in spite of the fact that my wife share half of the owner ship ?

if yes, I tried to add my wife's name on my return and vice versa on my wife on the form. 

After saving the return, close it.  I then reload it.  I found that the co-owner name WAS NOT saved.

Question#3:  How & where can I enter co-owner info ?

PS: I've been using TurboTax for many years but this is my FIRST time to use TurboTax for filing rental property income & expenses.

Any help will greatly be appreciated.

[ReneV4 · Accepted solution]

If you're filing as Married Filing Jointly, using the same return, TurboTax will get confused when you check the "co-owned" box, because it is looking for an owner on a separate tax return.

Since you are filing a tax return together, you are both in the same tax bucket. The IRS views the two of you as a single unit for this rental property. Therefore, the recommended ownership is 100% ownership on your joint tax return. There is no need to enter your wife's name as co-owner in the rental section because her name is already on your tax return.

However, if you are filing Married Filing Separately, you will still use 100% ownership, but only of your individual share (50%). In other words, you will just split all of the amounts prior to entering them. 

Note: Ensure you also split the cost of the home by 50% so that your depreciation is not doubled.

[38WWDr]

Tanks for your prompt response. 

In fact, I use a SINGLE Turbo Tax file with both of our returns info on it indicating my wife such that we can do income/pension split and adjust our donation accordingly to benefit our return.  When filing, we submit the return.

With your response, I'll check our return from Co-Owner to "Sole Proprietor" as 100%.  I just ensure we enter half (50%) of the total rental income and associated expenses & depreciation on each of our file.

I'll place a Thumb Up and "Marked as Best Answer"

Thanks a lot.