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March 27, 2022
Question

Rental Income - Spouses sharing 50%

  • March 27, 2022
  • 1 reply
  • 0 views

Just wondering if anyone has any issues with  the T776

 

I have added a form to one spouse - and marked it 50% owner and share of profit - but it is not relaying that information over to the linked spouses account?    Do I have to add a new form on the spouses return, and re-add all the income/expenses to that return as well?   seems a  bit odd that it would be set up this way?

If anyone has any knowledge of this - please send my way...

Thanks

 

1 reply

March 28, 2022

Hi KD910.

 

Making sure you get in touch with the right support team is crucial to get the help you need. I'd be happy to point you in the right direction for this.

 

As this is a TurboTax question I recommend reaching out to their support for assistance. You can also reach out to your accountant as they are trained in how to file taxes. In order to get in touch with TurboTax support you can contact them in product by going to Help>Contact us. 

 

If you have any questions let us know and we'd be happy to help.