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Where does income from a non-spouse jointly owned property go?
Hi -
I'm looking to buy a property with a business partner and was wondering about a few questions. We're not planning on buying it via an LLC. The questions are:
- If the mortgage is only in one person's name, does that impact how interest costs are distributed?
- Would having the deed/title in only one person's name also change anything related to expense allocations?
Topics:
‎October 24, 2019
4:05 PM