Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on .

User Stats

4
Posts
8
Votes
Vu Huynh
  • South Boston
8
Votes |
4
Posts

Rent and taxes for one Co-borrower living in home

Vu Huynh
  • South Boston
Posted

Hi,

I am a co-borrower with my brother on a condo. I live in the condo but my brother does not, so I pay the entire mortgage and property taxes. I also occasionally rent out the spare room.

1) Do I claim 100% of the mortgage interest and property taxes? We used to split it when 50/50 when he lived in the condo.

2) How should the rent be reported since I collect the rent but it is use to pay my brother's half of the mortgage? 

Thanks!