Thanks. I've edited my original post to reflect the fact that property was transferred from Estate to Beneficiaries in 2020, and that the previously outlined tax plans for the family were but an assumption of what would be proper for tax year 2020.
Re: your opinion that we have a partnership: Does this apply even while (for now) we split income/expenses strictly according to ownership interest as recorded in the county records?
In the event that we do wish to split income/expenses differently, should we change the way we hold title to the property from tenancy in common to holding as a partnership?
