Hi, if a property is jointly owned by A and B, do I have to create two quickfile landlord accounts for each, and record 50% of income and expense in each account?
Hello @sy8111
An account would be required for any person wanting to do a MTD ITSA submission.
The full value would be recorded in your accounts for accuracy.
You can make an adjustment on the return for the 50%
Hi, thanks. So if I record full value in my account (A), do I need to do 50% manual adjustment for each quarterly report? For example, if full rental income this quarter is 5000, and I record 5000, what happens in quarterly report later?