kkarpenic
New Member

Investors and rental owners

Hi!

 

Thank you so much for your response.

So for over 10 years I have been claiming 100% of the rental income (which is basically negligible) for a property that my husband and I are co-owners on under my husbands name.  This is honestly the first year I ever thought to ask if that was ok or the right way to do it (after a suggestion from a turbo tax specialist). She indicated that most people share the income 50/50 if they are co-owners.  I then asked my Father (a retired accountant). He said to just keep doing it the I always have been doing it.  That it’s not technically wrong.  But changing it now will only raise red flags?