When entering Rental expenses, does Turbotax attribute the number entered as a share of the partnership or as a total for that individual?
ie: I've selected my wife and I as 50% owners. If total advertising costs were for example $500, should I enter $250 for each of us or $500 for each of us?
When entering Rental expenses, does Turbotax attribute the number entered as a share of the partnership or as a total for that individual?
You would enter $500 and TurboTax would calculate 50%- once you have entered the amounts you will see the summary- You can then verify that it is calculated correctly.
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.
Sign In
Canada (English)
EN
