My wife's family owns a warehouse - as a rental property - In reading a recent reply in another forum - several things went DING -
The property is owned by 5 siblings, who share in the income & expenses.
When filling out Sched E with TurboTax, there are several areas that don't flow across from the Total column to the % owned column, and are grey'd out....
I didn't really think about it until today - after reading comments on my other Sched E question.
I'm guessing that the line items for Mortage Interest and Real Estate Taxes are grey'd out since only the person receiving the 1099 or 1098 can claim the deduction ?
SO - can each of the 5 siblings claim their 1/5 participation ?
Should I fudge TurboTax to show 1/5 of the total on those line items ?