I have a rental property that I jointly own. All the income/expenses are calculated at 50%, but the depreciation is calculated at 100%. How do I fix this?
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I have a rental property that I jointly own. All the income/expenses are calculated at 50%, but the depreciation is calculated at 100%. How do I fix this?
I have a rental property that I jointly own. The income/expenses I enter are taken at 50%, but the depreciation is taken at 100%. How do I make the depreciation taken at 50% as well?
I have a rental property that I jointly own. All the income/expenses are calculated at 50%, but the depreciation is calculated at 100%. How do I fix this?
You will have to input half the basis, so when it depreciates at 100%, it is correct.