☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 31, 2019 4:11:11 AM

Terminal loss co-owners share: turbotax seems not splitting share between co-owners when I sold my rental property with loss, instead it applies 100% to both.

0 1 936
1 Best answer
Level 5
Oct 31, 2019 4:11:13 AM

CCA amounts are not shared on rental statements - if you enter assets at 100% they will not be split like your other income and expense amounts.  You will have to manually split the capital assets for both you and your spouse to reflect your respective share of the assets.

1 Replies
Level 5
Oct 31, 2019 4:11:13 AM

CCA amounts are not shared on rental statements - if you enter assets at 100% they will not be split like your other income and expense amounts.  You will have to manually split the capital assets for both you and your spouse to reflect your respective share of the assets.