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Level 2
December 7, 2019
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My wife and I partnership rental properties, i have a business paid rent to my wife. Howver, we file our tax MFJ. Do we have to file 1065?

  • December 7, 2019
  • 7 replies
  • 25 views

do we still have to file 1065?

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Best answer by abctax55

https://ttlc.intuit.com/

7 replies

abctax55
abctax55Answer
Level 15
December 7, 2019
HumanKind... Be Both
IRonMaN
Level 15
December 7, 2019

Do you have a formal partnership established?

Slava Ukraini!
George4Tacks
Level 15
December 7, 2019

For a little light reading to get you started before you contact a paid tax professional. https://www.thetaxadviser.com/issues/2008/aug/avoidingtheself-rentaltrap.html

Answers are easy. Questions are hard!
Level 7
December 7, 2019

H&W count as 1 taxpayer.  Partnership requires at least 2 partners.  

I have seen 1065s with H&W as sole partners, but I do not think it's right

December 7, 2019
They may be considered as one taxpayer for some purposes, but not for determining if a Partnership exists.