depreciation on the rental matches ownership as that's how you purchased it and it's your cost basis. If it's not, then the property would have to be gifted to you in order to depreciate an asset. You would get the lower of the FMV or basis of the other owner to depreciate over the rest of the useful life. You can not just change depreciation without gifting assets to other person. I own a property 50/50, I buy an asset and do not bill the other party nor do I gift it to them, the depreciation is mine to take then.
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