Does it matter if property jointly or solely owned when filing jointly?

[Fakename]

My wife and I are recently married, I own several rental properties from before we were married. We are looking at buying a new house and was going to have her make the purchase and finance it by herself without me so that my liabilities don't complicate things. Is there any drawback to having the properties individually owned by each of us when it comes time to file, presumably jointly?

Thanks for your help.

[Critter]

It doesn't matter ... when you file jointly all income and deductions from both parties are entered on one tax return.  It only matters if you file separately which is usually not the best choice. 

[Carl]

As an addendum, if you live in a community property state, you may want to investigate possible future scenarios and possibilities.