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Co-ownership cca not automatically equally split between co-owners
Using TurboTax online, when trying to enter CCA for a co-ownership rental property, TurboTax does not automatically equally split the CCA between co-owners based on the percentages for co-ownership provided. The full amount seems to be applied to my profile only. All other Revenues and Expenses are split correctly except the CCA. Is this a bug or do I have to go back and calculate the CCA manually for each co-owner and enter it manually?
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March 19, 2024
9:31 AM