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)

922

Returning Member

Apr 30, 2024 11:08:44 AM

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!