Why is Turbo Tax not automatically splitting rental income with my partner? It shows my share as 100% of the gross income instead of the 50% it should be showing?
Why is Turbo Tax not automatically splitting rental income with my partner? It shows my share as 100% of the gross income instead of the 50% it should be showing?
Why is Turbo Tax not automatically splitting rental income with my partner? It shows my share as 100% of the gross income instead of the 50% it should be showing?
Good day!
The software automatically calculates for both of you when you follow the steps shared in the post (link below) to make sure the ownership percentage is correct.
Why is Turbo Tax not automatically splitting rental income with my partner? It shows my share as 100% of the gross income instead of the 50% it should be showing?
Hello, it should automatically split rental income if the appropriate fields are filled. Are you using TurboTax Online (TTO) or TurboTax Desktop (TTD)? In case you are using TTO, you can go to T776 Partner Details Statements and add the appropriate split amount. TTD should be similar.
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