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Investors & landlords
The property is not owned by an entity (Partnership, C Corp, S Corp); it is owned tenants in common (multiple co-owners with varying ownership interest). Two co-owners reside on the property, the other four co-owners do not. Does any income from the property need to be claimed by all owners in proportion to their ownership interest; i.e. is it independent of any of the owners residing or not residing on property?
May 31, 2019
5:58 PM