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Investors & landlords
First you need to establish what you have done in the past ... if you did not file a partnership return and only divided everything 50/50 then you keep up that ratio ... you cannot simply decide to divide things differently to suit yourself on the sale.
I highly recommend you seek local professional assistance especially if you did not depreciate the property over the years you have owned it.
‎December 2, 2022
11:50 AM