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10-08-2024
05:50 PM
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@BobKamman wrote:But community property has nothing to do with how they report the rental income.
It does make a difference. In a community property state spouses can share a rental property without needing to make it a QJV. In a community property state that can even apply if the property is in an LLC, they can still elect to disregard the LLC and it's not a partnership or a QJV. See Rev. Proc. 2002-69 / 2002 C.B. 831).