Re: Client owns 50% of a rental (entered on SCH E Property Info tab). Sales info is entered on the Depr>Disp tabs. Why is return reporting 100% of sales info instead of 50%?
Client owns 50% of a rental (entered on SCH E Property Info tab). Sales info is entered on the Depr>Disp tabs. Why is return reporting 100% of sales info instead of 50%?
Because the 50% is just a convenience for the rental only, You need to enter the sale date only in the depreciation and then do the sale in the disposition screen manually.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.
