https://ttlc.intuit.com/community/business-taxes/discussion/should-depreciation-be-split/01/174346#M5625 <P>We sold rental property that we share w/ a 40/60% split. I noticed on Schedule E, the entire amount of Depreciation is included in line 20.(not a 40/60 split). Is the 'Cost basis' adjusted with 40/60% or entered as 100%?<BR /></P> Sat, 01 Jun 2019 15:30:05 GMT lyndbe 2019-06-01T15:30:05Z https://ttlc.intuit.com/community/business-taxes/discussion/should-depreciation-be-split/01/174346#M5625 <P>We sold rental property that we share w/ a 40/60% split. I noticed on Schedule E, the entire amount of Depreciation is included in line 20.(not a 40/60 split). Is the 'Cost basis' adjusted with 40/60% or entered as 100%?<BR /></P> Sat, 01 Jun 2019 15:30:05 GMT https://ttlc.intuit.com/community/business-taxes/discussion/should-depreciation-be-split/01/174346#M5625 lyndbe 2019-06-01T15:30:05Z https://ttlc.intuit.com/community/business-taxes/discussion/the-cost-basis-for-depreciation-is-entered-only-for-the-a/01/174353#M5627 <P>The cost basis for depreciation is entered only for the amount of the property that was paid for by each owner.&nbsp; If you only paid for 40% of the purchase price, that's all you enter as your cost basis for depreciation.</P> Sat, 01 Jun 2019 15:30:06 GMT https://ttlc.intuit.com/community/business-taxes/discussion/the-cost-basis-for-depreciation-is-entered-only-for-the-a/01/174353#M5627 Anita01 2019-06-01T15:30:06Z https://ttlc.intuit.com/community/business-taxes/discussion/just-to-clarify-the-cost-the-improvements-the-depreci/01/174355#M5628 Just to clarify - the cost, the improvements, the depreciation &amp; the amount the property sold for.. should be entered with the 40% or 60% amounts? Not the full (100%) amount? Sat, 01 Jun 2019 15:30:07 GMT https://ttlc.intuit.com/community/business-taxes/discussion/just-to-clarify-the-cost-the-improvements-the-depreci/01/174355#M5628 lyndbe 2019-06-01T15:30:07Z