Jump to content

Rental income and expenses split based on ownership percentage ?


Recommended Posts


For the rental property income, UFile is requesting to provide the Gross rental income and the help text indicate that "UFile will factor this amount by your share of the ownership." which is fine but what about the expenses ? Should those expenses be entered as Gross/total expenses and UFile will split it automatically based on share of ownership ? (Help text does not say anything about that )


e.g. Gross rental income is 9000

Property tax (TOTAL for the year): 2000

My share of ownership is 50%.

So based on the help text, I will add 9000 as Gross income and expect Ufile to split it to 4500 (btw, which line will have this amount?). 

Now for the property tax, should I enter 2000 (so UFILE can caclulate) OR should I enter 1000 (equally distributed between me and spouse ?)


Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...