Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 21, 2019 6:26:46 AM

I am recently divorced. We filed jointly the past 6 years and have several rental properties. How do I transfer my ex-husband his rental schedules for his own account?

0 1 287
1 Replies
Not applicable
Jun 21, 2019 9:20:37 AM

how did the divorce decree address splitting of the rental properties?   

if you both still own them, there could be complications.    

this is because if you each have and ownership interest in a property, now being divorced, may require the filing of partnership returns.

 

 

here's what the IRS says


A joint undertaking merely to share
expenses isn't a partnership. Mere
co-ownership of property that is maintained
and leased or rented isn't a partnership.
However, if the co-owners provide services
to the tenants, a partnership exists.