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Updated about 5 years ago on . Most recent reply

User Stats

93
Posts
39
Votes
Charles H.
  • Rental Property Investor
  • Huntsville, AL
39
Votes |
93
Posts

How to do tax return on 25/75 partnership

Charles H.
  • Rental Property Investor
  • Huntsville, AL
Posted

Hello,

I am purchasing a rental where I put 25% of the money and my mother put the 75%.

There is no LLC, etc. The county registers the equity percentage.

I was thinking about doing a K1 but it seems to be for legal structure / LLC stuff.

How do you show you own and receive x% of rental income expenses and depreciation on a tax return ?

Thanks in advance,

Charles

  • Charles H.
  • Loading replies...