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-   -   Split schedule C or E on rental property? (https://www.askmehelpdesk.com/showthread.php?t=786934)

  • Mar 15, 2014, 06:20 PM
    JFJOSEPH
    Split schedule C or E on rental property?
    My friend and I rented our house that we bought together; we both want to split expenses and income of that house. Can we fill out a split schedule "C" or "E" on our tax returns?
  • Mar 15, 2014, 09:58 PM
    AtlantaTaxExpert
    You divide the expenses and the income 50-50, and you each complete your own Schedule E. Identify the property at "50% ownership of House at whatever address".

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