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Married couple rental income

Posted 22 November 2015 under Tax Questions



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Karina says:
21 November 2015 at 22:56

Regarding rental income as a married couple married outside of communion, do I list it as a partnership with 50 percent share or do I enter only half of the income and expenses and then don't list it as a partnership?

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TaxTimTaxTim says:
22 November 2015 at 20:16

You would enter half of the income and expense in this case. A partnership is a more formal arrangement.


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