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Investors & landlords
Tom,
Do you have a reference for this response? I'm wondering if the same applies for the following:
My wife and I for reasons withheld are filing separate returns. She owns and has a mortgage on a property that we rent. We would mutually prefer to have the rental income reported on my return. My name is not on the mortgage nor the deed, but rent is collected into a joint account and "we" pay the mortgage. Can I deduct the mortgage interest and other deductions for the property (depreciation) on schedule E?
‎December 8, 2019
5:42 AM