How to file TurboTax - split a investment house with someone

[lynnlli1]

Hi Everyone,

I am filing TurboTax by myself.  Me and my ex had a rental house sold last year. 

Do I use percentage of this asset or I enter by myself.  If I enter by myself, there is a question: "Asset Sales Price" How do I enter? the sale price is 400K. If I own 20%, should I enter 80K or 400K? and what should be the amount for "Asset Sales Expenses". Everything should multiply by 20%?

Thank you for your help!

[Critter-3]

Have you not been depreciating the property in the past ?   Or reporting the income/expenses on the Sch E ? 

The form 1099-S for the sale ... was only one issued or was one issued to each of you ? 

[lynnlli1]

both were issued 1099-S.  for last 2 years,  the house was reported by only me. I pay all expenses and takes rental.  the house was depreciated in the past.  just I do not know how to enter the sale price. 

I own 20%, he own 80%. He is willing to pay tax for the gains.  Another question, If we want to change the portion for gains, how to change 1099-S?

[lynnlli1]

on my 1099-S: Gross proceeds is 80K. his is 320K.

Should I enter only 80K for sale price?  or 400K?  Thank you so much