Got married, how to update rental property assets

taxcrazed0 · ‎February 25, 2026

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%?

ThomasM125

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.

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ThomasM125

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

taxcrazed0

Thanks! Worked well.

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Got married, how to update rental property assets