For equity partnerships or Joint Ventures you will go with a K-1 statement for Short/Long Term Capital Gains.

We opted for the LOCs and here's what the numbers breakdown sort of looks like: LOCs: Between my husband and I, joint and separate, we have 8 unsecured LOCs and 4 credit cards (1 very low interest) to float all of our construction expenses.

Property held by husband and wife jointly with rights of survivorship does not have to be probated in the united states. 

I'm debt free too except half of my rental portfolio.Dave would suggest having a joint acct I'm sure.

IRC section 121 provides for an exclusion of up to $250,000 of gain ($500,000 for a joint return) realized on the sale of a home.

I make it clear that they are not tenants but are jointly/severally liable for rent and fees.

We file joint returns.

I'm open to buy and hold in no worse than C neighborhoods...turnkey or otherwise, private lending, joining a syndication deal or joint venture, or anything else that makes sense.

It's my favorite day of the year for real estate data geekiness - the day that Harvard's Joint Center for Housing Studies releases its annual "State of the Nation's Housing" report!

Jackson Long To answer your question, if you make more than 150k (as a couple filing taxes jointly), your 30k tax (for example) cannot be reduced.