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 Jan 17, 2025 2:35:22 PM

Form T776 Line 9369 Co-owner net income override

I have entered information in Part 2, the co-owner section, including their percentage of ownership (50%).  
I fill out the form and at line 9369 it gives me a total.  It then says, on the next line, "Co-owners: calculate your share of net income from line 9369.  Enter your result on amount 2.  TT has automatically inserted the line 9369 value (100%), not the 50% which would be my share.

So now I need to F2 override and do this manually, however TT now tells me I can't Netfile if I do this.

This seems ridiculous.  It updates my partners Share of net income/loss in Part 2.

0 1 45
1 Replies
Moderator
Jan 17, 2025 3:40:54 PM

Have you entered your own percentage of partnership? You also need to select either Partnership or Co-ownership for who owns the property.