We have ownership of a quarter of land with my mother. She is only on pension so we give her all the rental income but we pay most of the taxes. Is there a way we can claim the taxes without income from the land
You are not able to allocate all the revenue to one owner and all the expenses to another. The revenues and expenses are recorded and the net result is divided between the owners according to the equity held by each.
You are not able to allocate all the revenue to one owner and all the expenses to another. The revenues and expenses are recorded and the net result is divided between the owners according to the equity held by each.
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