Choose the response that best completes the following sentence. When two or more individuals share an ownership interest in a rental property, they should: Divide all expenses and income 50/50 regardless of other circumstances. Divide all expenses and income, with the taxpayer named first on the deed taking 51% and all remaining owners dividing the other 49%, regardless of other circumstances. Report the ownership of the rental as a qualified joint venture. Report their share of income and expenses on their individual return proportionate to their ownership interest