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redentor-barleta
Returning Member

This is a query on capital loss on a rental (new house) owned by three parties. Could anyone claim rental100% of the rental loss in his/her return? or has to be 1/3 each.

title owned by father, daughter and daughter\(age 20)
1 Reply
Dhiv
Returning Member

This is a query on capital loss on a rental (new house) owned by three parties. Could anyone claim rental100% of the rental loss in his/her return? or has to be 1/3 each.

Hello,

 

Technically anyone can claim 100% of the rental income, however since it is equally owned by 3 parties each party should claim 33%.  Hope this helps!