All Forum Posts by: Ralph Burrell

We purchased the property last year, so this will be the first year.

My father's stake in the investment is merely the capital he will receive when we sell it.  He put money down to buy the house. I am paying the full mortgage and renting the property. When we decide to sell the property we will own more of the house as the principle will have been paid down on the loan and he will make money on the transaction.

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!