Sold a rental property which I owned 50%. When entering the sales information do I enter the full price, expense, etc? OR do I multiply by my ownership percentage?

uniacke3 · ‎June 4, 2019

MinhT · ‎June 4, 2019

If you own a 50% interest in the rental home, you report half of everything on your tax return (cost basis, sale price, selling expenses, depreciation recapture).

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MinhT · ‎June 4, 2019

If you own a 50% interest in the rental home, you report half of everything on your tax return (cost basis, sale price, selling expenses, depreciation recapture).

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

turbo201808 · ‎June 4, 2019

How do you override calculated cost basis and depreciation recapture to reflect ownership percentage?

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Sold a rental property which I owned 50%. When entering the sales information do I enter the full price, expense, etc? OR do I multiply by my ownership percentage?