lagowan
Level 1
02-28-2021
03:43 PM
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I have a rental home owned by a mother and daughter. In 2019, the mother claimed it. For 2020, it would benefit the daughter to claim it since the mother has no real income. Has anyone moved a rental from one person to another?
TaxGuyBill
Level 15
02-28-2021
03:57 PM
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You can't pick-and-choose who claims income.
If the home is owned by both people, and both people share in the rental activity, BOTH people need to report it as a rental, according to their ownership percentage.
qbteachmt
Level 15
02-28-2021
04:37 PM
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"it would benefit the daughter to claim it"
Who gets the income and who incurs the costs? You don't get to expense something you did not incur.
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