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Updated almost 9 years ago, 01/27/2016
Co-owned Rental Property Tax Question
I co-own a rental property with my Father. I paid 100% of the expenses for the property this year, and also received 100% of the rental income. (This includes mortgage interest).
Can I report/deduct 100% of the income/expenses on my schedule E, or will I only be allowed to report/deduct 50%?
Thanks!