John L Posted March 21 Report Share Posted March 21 Hello I and my wife are co-owners of a rental property, 50% each. I entered the total building value (excluding land) as opening capital cost. After a few years of depreciating the building, it seems that opening UCC in each person's tax return is full amount while depreciation is that's person's share, resulting incorrect ending UCC. My question is the UCC on tax return, should it be full amount or only one person's share? On the interview page, I entered full building value in year 1. Thank you, John Quote Link to comment Share on other sites More sharing options...
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