StaBen85

Thanks - so just to clarify, if the amount is $10k, do I enter 5k under each person or the full 10k amount under each person? One answers says the system will automatically calculate 50% and another one says to enter 50% myself.

Thank you! So I enter the full amounts for both of us and the software will know to only use 50%?

Hi there - I am filing income taxes for a rental property for my very first time this year. If my husband and I co-own the property do we both claim the same income and expense amount totals on each of our returns? Or do I divide the amounts by 50% and enter them that way? (For example, annual rent collected was $10k, so do I report $10k on each of our returns or $5k on mine and $5k on his? Same goes for the expenses. We are filing taxes jointly). Thank you!

Hi there - I am filing income taxes for a rental property for my very first time this year. If my husband and I co-own the property do we both claim the same income and expense amount totals on each of our returns? Or do I divide the amounts by 50% and enter them that way? (For example, annual rent collected was $10k, so do I report $10k on each of our returns or $5k on mine and $5k on his? Same goes for the expenses. We are filing taxes jointly). Thank you!