topic Got married, how to update rental property assets in Get your taxes done using TurboTax

Got married, how to update rental property assets

taxcrazed0 — Wed, 25 Feb 2026 19:15:55 GMT

Got married 2025. Since 2016, each of us claimed 50% ownership of rental property. Imported 1 return to use. Schedule E: Change ownership to 100%? How to combine assets & history, cost basis, depreciation & amortization of rental since everything was 50%?

Re: Got married, how to update rental property assets

ThomasM125 — Thu, 26 Feb 2026 18:10:52 GMT

You can edit the asset values and carryover losses if applicable to reflect the new combined values. Turbo Tax will calculate the proper depreciation based on the new numbers, but you will need to add the correct prior year accumulated depreciation when asked in the program. You would also have to indicate that there is joint ownership of the rental.

Re: Got married, how to update rental property assets

taxcrazed0 — Mon, 02 Mar 2026 15:36:55 GMT

Thanks! Worked well.