We are in Texas. My x-husband and I had a joint bank account that was only used for this rental property. We used the rent to cover the mortgage and any expenses on the property. My x-husband and I split what was in the account at the time of the divorce in August. I now manage the entire property with my own bank account. I read in Publication 504 the following:
| | AND your spouse or former spouse ... | FOR more information, see ... |
income-producing property (such as an interest in a business, rental property, stocks, or bonds) | include on your tax return any profit or loss, rental income or loss, dividends, or interest generated or derived from the property during the year until the property is transferred | reports any income or loss generated or derived after the property is transferred. | |
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