Program will not allow me to input two rental properties without them ending up with the same income and expenses. They both are identified as sole owned, not partnership.
To assign one rental to each spouse, ensure that the first screen in the rental section (Rental Property) has boxes checked beside each spouse indicating each has income from a rental property.
After the information for the first spouse is entered, a screen titled "Spouse's Name":T776 Rental Identification will appear. This screen has the option to choose to pre-fill the other spouse's rental property information. Select the option "None" from the drop-down menu.
This will assign the proper, separate values for income/expenses related to each property to the individual spouse.
To assign one rental to each spouse, ensure that the first screen in the rental section (Rental Property) has boxes checked beside each spouse indicating each has income from a rental property.
After the information for the first spouse is entered, a screen titled "Spouse's Name":T776 Rental Identification will appear. This screen has the option to choose to pre-fill the other spouse's rental property information. Select the option "None" from the drop-down menu.
This will assign the proper, separate values for income/expenses related to each property to the individual spouse.
nicolemay11
New Member
lindamsaari
New Member
edge196530
New Member
syanac
New Member
awghsu
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.