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posted Feb 19, 2020 3:20:29 PM

Rental Income

Hi. We moved to a new property last May and rented out our previous property. My Wife and I are joint owners on both properties. For the rental income in 2019, do we have to split it 50/50 on our returns for income or can I put it all under my Wife's income?

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Level 13
Mar 5, 2020 9:01:43 AM

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.

 

Please review the links provided below from TurboTax for more information: