Filling T776.
I and my spouse are co-owners of a rental property (50%/50%).
We have a Gross rents X$, I enter it on each of our forms.
We have Y$ interest, which is also 50% split.
I thought that each of us should report income equal to: (X-Y)/2.
But I see that each of us is calculated an income (X - Y/2) / 2.
Why?
