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New Member
posted Oct 30, 2019 5:19:25 PM

Why isn't my 50% net rental income calculated on t776 not shown as 50%?

I've shown 50% ownership but it's not calculating it properly

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1 Replies
New Member
Oct 30, 2019 5:19:27 PM

Turbotax will split income and expenses. If you put 50% of partnership, the income will be divided by 2. The only expenses you will need to provide are for your part only, and for the CCA deduction. On this area, you will need to enter only your % of the amount there. 

If TurboTax still does not calculate properly, you can contact TurboTax support using the following link: 

https://support.turbotax.intuit.ca/contact/.