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Investors & landlords
@ThomasM125 wrote:
One thing you need to be aware of is that since you own the property with at least one other person evidently, you will have a partnership by default,
Probably not. From the 1065 Instructions:
Mere co-ownership of property that is maintained and leased or rented isn't a partnership. However, if the co-owners provide services to the tenants, a partnership exists.
https://www.irs.gov/instructions/i1065#en_US_2021_publink11392vd0e339
‎February 9, 2022
9:44 PM