1975206
This will be the first year with a rental property. It was mine before marriage and my daughter lived in it for years after I moved out. She moved out last December and I converted it to a rental. It was rented short term for 3 months (Jan. Feb. March). They did a lot of damage but it was a "friend" and no security deposit. I had a lot of repairs and was doing those while I looked for new tenants, which was difficult because of COVID. Just got new tenants in 2021 but I will be making it a "rental" as of last Jan. 2020. I need to be able to claim all of that and the 3 months of rental income. Issue is my husband has nothing to do with the rental. We file jointly but we also keep our money separately so I need to be able to figure our what he will owe/get back and what I will owe/get back. I usually figure it out 3 ways to get an idea but the rental property is throwing me off. Is there a way to file jointly with just me being responsible for the rental? The rental and our joint home are both in Pennsylvania.
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You would have to file separately. You can create a version before adding the rental and print it out and determine that way. Or, you could create two MFS versions, add the rental to yours and once you determine what's what, combined the two for a MFJ return.
You can take your expenses for the time period that it was placed in service and available to rent. If there was any time period that a tenant could not move in on the spot, due to repairs, that time period is unavailable for expenses.
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