shared ownership/ shared tax liability

Question asked by Frances Ridsdill Smith 1 week ago

Hello - I have entered all income and expenses figures as 100% mine but I share the rentals jointly with my husband 90% me 10% him. Is there a simple way I can reflect this on the returns?

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Hi Frances,

Going forward, you should only input your % share of your jointly owned income and expenses.

In this case, you can either edit the income and expenses to your share, or raise a journal under Tools > Journals > Create journal to adjust the 10% to drawings.

Tommy

7 days ago

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