Hi--In 2021, I sold a rental property that I co-owned 50/50 with my brother. On the "tell us about this rental asset" page, it reminds me to enter 50% of the original purchase price, since that's my ownership percentage amount. That's clear enough, but my question is, should I also enter 50% of the sale price and associated expenses on the "Sales Information" page? It doesn't prompt me to do so but if I don't, it seems like the numbers will be way out of whack. Thank you!
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You should enter 50% of the sale price and expenses to ensure that everything is recorded accurately.
You should enter 50% of the sale price and expenses to ensure that everything is recorded accurately.
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