I co-own a condo. The depreciation has to be manually divided by the percentage of ownership. Does this mean that no one who co-owns property can e-file?
01192
1 Replies
DaveF1006
Expert Alumni
Apr 13, 2022 3:49:11 PM
No this doesn't mean that at all. Each of you needs to divide all income, expenses, depreciation in by 1/3 and report that amount individually on your own returns. You all then should be able to efile with no restrictions.