My father and I inherited a house jointly years ago, 50/50. He has been renting it out, paying the upkeep and taxes etc any profit has also gone to him and he has claimed the house as rental property on his taxes in the past. I wasn’t aware I was even on the deed until recently. My family has been renting a house and will be moving into the jointly owned house at the middle of the year next year. We will begin paying all the upkeep and taxes etc. There is no mortgage or anything. My question is, do I just add the house to my taxes and such or do I need to do it in a special way?
