No it's neither one, We just both prepare SCH Es and enter the rental and expenses. I was just more concerned that if I enter the whole interest expense from the HELOC on my behalf, the allocations won't add up based on the percentange allocation that's listed on deed/ownership. But I guess if we write a formal agreement that we don't have to split expenses purely on those allocations given that the HELOC is solely under my name, then that would protect us correct?
