Hal_Al
Level 15

Investors & landlords

Q.  Would this be OK as the consensus seems to be that we don't have to create an official partnership for jointly owned property used for rental?

A. Yes.  

You will get differing opinions, in this forum too.  But I think the consensus, here, is that you don't need to file a partnership return. 

I have a similar situation (only one sibling) and we each file our half on a Schedule E.