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Investors & landlords
Thank you. Sorry, I should have mentioned that we both do not live there and it is rented out to complete strangers. We are not co-tenants.
1) She also fully actively manages the property. I pay her a 10% management fee. This can still be considered an expense on my side and income for her, correct? She will have to pay the taxes on the management income at her tax bracket.
2) Since she also pays 100% of the mortgage, can she take the mortgage deductions?
Thank you
1) She also fully actively manages the property. I pay her a 10% management fee. This can still be considered an expense on my side and income for her, correct? She will have to pay the taxes on the management income at her tax bracket.
2) Since she also pays 100% of the mortgage, can she take the mortgage deductions?
Thank you
May 31, 2019
5:29 PM