Someone told us they thought he would have to simply because his name is on the loan.
Not so. They who receive the money are required to report the income/expenses and take the depreciation. However, when the home is sold, you will have to reduce your share of the cost basis by the depreciation you took. If you do not take that depreciation as required by law, then you will still have to reduce your share of the cost basis by the depreciation you should have taken. So you lose either way.
