I am a co-owner in a rental property (50/50) & have $5K of rental income to claim. I do not want to take 5K of CCA but my wife does for her share. How do we do this?

Itscalledatoque · ‎July 25, 2020

In trying to make the adjustments in TT19, albeit the only way I can get the program to record my rental income of 5K and her rental income as 0. Is to double the CCA to 10K in her T776 form. However, since I am claiming 5K or revenue this should not be how to do this? thank you.

TurboTaxBrenda1 · ‎September 11, 2020

When you are co-owners you need to make sure you put the full amount of rent received and when you enter that you own 50% TurboTax will calculate the amount appropriate for you. Click here to see how to enter your rental income.

I am a co-owner in a rental property (50/50) & have $5K of rental income to claim. I do not want to take 5K of CCA but my wife does for her share. How do we do this?

Investors and rental owners