Schedule E - % of Ownership

[Yardley CPA]

Client and his two siblings own a rental property.  All income and expenses are split evenly, each owning 33.33%.  Another preparer completed the Schedule E and I was provided a copy to work from.  I normally enter the percentage of ownership on the Schedule E input page and that automatically allocates the income and expenses by that percentage.  It does not allocate the depreciation amount though.  Is there a way to apply the percentage of ownership to the depreciation amount?

On this other preparer's Schedule E, I noted the calculation takes place on line 21.  ATX does not handle it that way...unless I'm just not aware on how that is done?  

Schedule E Gross.pdf

 

 

[Abby Normal]

Enter 33.33% in fixed assets.... or only enter 1/3 of the cost of the assets and leave bus% at 100%.

I inherited one where the each 1/3 owner was taking full depreciation.