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.
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)
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!
‎April 30, 202411:08 AM
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