General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago,
Tax write off for real estate investor partners
Hello BP community!
I have recently purchased an investment property with the help of 2 investors who happen to be family members. If they want to write off their investment(lets say 20K). Do I need to prepare any documents for them so they have proof of their write off? How should I go about this?
Any information will be appreciated. Merry Christmas!