Investors & landlords


@janijayram wrote:

I have little different situation. My rental property is under Trust my partner and I. Last few year I am filing all income and expenses under his filing. Can I switch to my filing from next year? We are not married but live under the same roof. 


 

You are not allowed to pick-and-choose who claims the income.  It must be reported based on your ownership percentage of the rental activity.

 

And if it is under a Trust, you need to know what kind of Trust it is, and you may need legal assistance with that.