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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.
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3 weeks ago