user17749089765
Returning Member

Incorrect Net rental income in rental co ownership

Hi,

I seem to be getting a wrong amount in T776. We have a 50% co ownership in a rental property but the gross rental income is not being divided by 50% (expenses are divided properly). In result, what is being calculated as net rental income seems to be 100% of total income minus 50% of total expenses, instead of 50% of total income minus 50% of total expenses. I did mark my ownership % as 50.