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?

turb0taxer_tx_14 · ‎May 31, 2019

PatriciaV · ‎May 31, 2019

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.

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PatriciaV · ‎May 31, 2019

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.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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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?