Are you a co-owner or a partner of a partnership?
Most of the time, if you own the rental property with one or more persons, we consider you to be a co-owner. For example, if you own a rental property with your spouse or common-law partner, you are a co-owner.
If you are the sole owner of your Rental Property you would claim 100% of the Profit/Loss.
Are you a co-owner or a partner of a partnership?
Most of the time, if you own the rental property with one or more persons, we consider you to be a co-owner. For example, if you own a rental property with your spouse or common-law partner, you are a co-owner.
If you are the sole owner of your Rental Property you would claim 100% of the Profit/Loss.
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