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Tenancy In Common
My friend and I have have a piece of real estate that we jointly hold title to at 50/50 for Tenancy In Common. We also formed a LLC for this. Do we file a Partnership tax return and claim all income and expenses there for this rental property? I was researching some information and I am confused. It is saying we put it on Schedule E on our personal taxes? But if that is the case what about the LLC that we formed?
March 24, 2022
4:43 AM