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posted May 31, 2019 10:23:00 PM

Married filing jointly,rental income,active participant question: "I own at least 10% of the property" here "I" means both husband and wife? just person filling the form?

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Expert Alumni
May 31, 2019 10:23:02 PM

Yes, any question on your joint tax return regarding your rental activity should be answered for the taxpayer(s) who owns the property. If you own 6% and your spouse owns 5%, then together you own at least 10%. If one of you owns 6% and the other is not an owner, then you would not own at least 10% of the property.

1 Replies
Expert Alumni
May 31, 2019 10:23:02 PM

Yes, any question on your joint tax return regarding your rental activity should be answered for the taxpayer(s) who owns the property. If you own 6% and your spouse owns 5%, then together you own at least 10%. If one of you owns 6% and the other is not an owner, then you would not own at least 10% of the property.