topic Depreciation for partially owned rental property in Investors & landlords

Depreciation for partially owned rental property

TylerAL — Tue, 10 Feb 2026 11:08:11 GMT

I have 50% ownership of a condo that is rented via Airbnb. For all of the income and expenses, other than depreciation, it appears that Turbotax is correctly giving me half of the total value. But for depreciation it appears to be giving me 100%. I looked at both Schedule E and the associated worksheet and these seemed to confirm this. Looking at those same forms for 2022 showed I correctly got 50% of the depreciation on Schedule E. Wondering if anyone else has seen this for 2023?

Re: Depreciation for partially owned rental property

PatriciaV — Wed, 21 Feb 2024 14:05:23 GMT

For a partial ownership of a Rental Property, you need to enter only your portion of the property basis for depreciation. While TurboTax will offer to allocate income and expenses for you based on your ownership percentage, this does not apply to the rental assets. Enter the price you paid (not the total for the property).

It's possible on other properties you reported less than 100% business use. Check the "Bus Use %" column on the depreciation report for last year.

Re: Depreciation for partially owned rental property

TylerAL — Thu, 22 Feb 2024 22:53:08 GMT

Thanks Patricia I appreciate your help!

Re: Depreciation for partially owned rental property

user17724084673 — Sun, 01 Mar 2026 23:42:10 GMT

For last year's depreciation, should I also enter the % amount that corresponds to my ownership?

Re: Depreciation for partially owned rental property

MonikaK1 — Mon, 02 Mar 2026 03:17:04 GMT

If you are starting a new rental schedule for 2025, and you own a percentage of the rental property, enter dollar amounts for the basis of the asset that represent the portion of the property that you own (the price you paid, as was stated by @PatriciaV earlier in this thread).

See this TurboTax tips article for more information about rental property deductions and this tax tips article about rental depreciation.

See also the IRS Instructions for Schedule E.

@user17724084673