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    JFJOSEPH's Avatar
    JFJOSEPH Posts: 1, Reputation: 1
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    #1

    Mar 15, 2014, 06:20 PM
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Mar 15, 2014, 09:58 PM
    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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