If you split the expenses before entering them, the program will only show the amounts you entered.
If you would like to show 100% and then the 50% split, TurboTax can split the income
and expenses for you.
As you go through the rental property step-by-step
interview, it will ask you about your ownership; 100% or less than 100%. You
will select "less
than 100%" and follow the prompts.
You can find the option to
enter your rental income and expenses under the Rental Properties and
Royalties section of the Wages and Income tab.
The interview will ask if you want to
calculate the split income and expenses, or if you would like TurboTax to do
it.
If you choose TurboTax,
it will ask you to define your ownership percentage and then you will enter 100% amounts of your income and expenses.
If
you choose to do it yourself, you will need to be sure to make your
calculations prior to entering them into TurboTax.