My girlfriend and I jointly invested in a real estate investment fund. Although it is joinly own 50/50, the entity asked for only 1 social security number and only one K1 was issued. Both of our names are on the K1, showing it is a joint account, but her social security number is on the K-1.
Do the person that was issued the K-1 fully report all the income and expenses on the K-1, or should we split the K-1 evently and report 50% on my return and 50% on her return?
