If a couple reports a 50/50 share of a rental income, will 50% automatically transferred to the other spouse’s return once 50% share is indicated and full income/expense is input under one couple? It looks like it will not and 50% needs to input on each return respectively. Please confirm.
Rental income share between a couple
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If a couple reports a 50/50 share of a rental income, will 50% automatically transferred to the other spouse’s return once 50% share is indicated and full income/expense is input under one couple? It looks like it will not and 50% needs to input on each return respectively. Please confirm.
Thanks.