Rental Treatment in year of divorce

[jnkniffencpa]

I have a client who owned 6 rental properties with her now ex-husband. Her divorce was finalized in June 2021 and each spouse kept 3 of the properties.

My questions is how do I treat the rental properties for the first 6 months of the year? Should they each claim half of all 6 for 6 months and then only their respective 3 properties for the rest of the year or should they just claim 100% of the 3 properties they retained?

Thanks in advance

Jeremy

[sjrcpa]

I vote "each claim half of all 6 for 6 months and then only their respective 3 properties for the rest of the year "

[JRC]

Check with the Property Settlement Agreement and Divorce Decree. Then read up on the State Laws.

[BobKamman]

Ignore the Property Settlement Agreement and Divorce Decree because state judges can't rule on federal tax law.