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Investors & landlords
Joint ownership of a rental property doesn't necessarily need a Partnership return.
From the Partnership (Form 1065) Instructions: "A joint undertaking merely to share expenses is not a partnership. Mere co-ownership of property that is maintained and leased or rented is not a partnership. However, if the co-owners provide services to the tenants, a partnership exists. "
<a rel="nofollow" target="_blank" href="https://www.irs.gov/instructions/i1065#idm140473051347216">https://www.irs.gov/instructions/i1065#id...>
From the Partnership (Form 1065) Instructions: "A joint undertaking merely to share expenses is not a partnership. Mere co-ownership of property that is maintained and leased or rented is not a partnership. However, if the co-owners provide services to the tenants, a partnership exists. "
<a rel="nofollow" target="_blank" href="https://www.irs.gov/instructions/i1065#idm140473051347216">https://www.irs.gov/instructions/i1065#id...>
‎June 3, 2019
1:19 PM