Stephanie on a rental property as a 100% interest-holder. Her daughter, Liz, Manages all aspects of the rental and collects rent. Stephanie let's liz keep half of the rental income for her work. also, Stephanie intends to give the rental property to liz sometime soon. how much of the rental income will each taxpayer report on schedule E, supplemental income and loss?

O Stephanie will report 100% of the rental income and Liz will report no rental income. Liz will report 100% of the rental income and Stephanie will report no rental income. Stephanie will report 50% of the rental income and Liz will report 50% of the rental income. Stephanie and Liz can decide how much rental income each wants to report. O