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    rdsiemens
    New Member

    For the rental summary page my wife and I own a rental house. We split the income for tax purposes. Do we say ownership is 100% each or 50% each?

     
    posted
    ‎October 31, 2019 2:31 AM
    last updated ‎October 31, 2019 2:31 AM
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    TurboTaxLise
    Level 13

    For the rental summary page my wife and I own a rental house. We split the income for tax purposes. Do we say ownership is 100% each or 50% each?

    If you are a co-owner or member of a partnership:

    • Enter your percentage of ownership in the Identification section and complete the Details of other co-owners and partners section, including the co-owners/partners percentage of ownership.
    • Enter the total gross income; do not enter just your portion/share

    Please see link below for further assistance.

    How do I enter my rental income and expenses in TurboTax?
    ‎October 31, 2019 2:31 AM
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