Updated over 4 years ago on .
Most recent reply
presented by
Real Estate Tax Question
Hello BP Community,
I purchased my first rental property in 2019, paid cash at auction. Then using the BRRRR strategy did a cash out refinance. But, I actually had my Sister complete the refinance, so the mortgage is in her name. I sold the property 6 months ago, and had a net profit of $95,000. Can I list the profit as income on my Tax return, even though title and mortgage was in her name? Any feedback would be greatly appreciated. Thank you!


