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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?

 
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DaveF1006
Expert Alumni

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?

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.

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