My wife and I have a rental property in the Netherlands, ownership is 50%/50%. When I enter the relevant income and expenses do I split all in half?

Create one rental schedule in Turbo Tax and provide your share of ownership and your spouses share percentage as the co-owner. Include the total of Income and Expense then allow Turbo Tax to transfer the correct Net profit/loss to each return based on the provided percentage of ownership.

you would think it would do that, but it doesn't