☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 24, 2023 11:02:49 PM

Can we split rental income 50/50?

My wife and I own a rental property, however the title of the property is only under her name.  Are we able to split income from the property as co-owners on our tax return even though she is the only one on title?

Thanks.

0 1 223
1 Replies
Moderator
Apr 29, 2023 10:49:44 AM

If you help your wife run the rental business, then you can claim a portion of the income, even if you are not the property owner. Ex: you help collect rents, or do the accounting, or you do maintenance on the properties etc...