topic Does a parent and son who enter into a partnership of a rental property and split their rental income 50% be subject to the rules of TOSI? in Investors and rental owners https://turbotax.community.intuit.ca/community/investments-rentals/discussion/does-a-parent-and-son-who-enter-into-a-partnership-of-a-rental-property-and-split-their-rental/01/941692#M6229 Thu, 31 Oct 2019 09:15:09 GMT jomicnic 2019-10-31T09:15:09Z Does a parent and son who enter into a partnership of a rental property and split their rental income 50% be subject to the rules of TOSI? https://turbotax.community.intuit.ca/community/investments-rentals/discussion/does-a-parent-and-son-who-enter-into-a-partnership-of-a-rental-property-and-split-their-rental/01/941692#M6229 Thu, 31 Oct 2019 09:15:09 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/does-a-parent-and-son-who-enter-into-a-partnership-of-a-rental-property-and-split-their-rental/01/941692#M6229 jomicnic 2019-10-31T09:15:09Z TOSI rules generally apply to income that is assigned to... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/tosi-rules-generally-apply-to-income-that-is-assigned-to/01/941693#M6230 <P>TOSI rules generally apply to income that is assigned to non-active partners. If both parties are active in the business, TOSI wouldn't apply.</P><P>There's an excellent "decision tree" for TOSI on the Moodys Gartner site that you might find helpful:&nbsp;<A rel="nofollow" href="https://www.moodysgartner.com/wp-content/uploads/Moodys_Gartner_Tax_Law_Income-Sprinking-Flowchart.pdf?v1" target="_blank">https://www.moodysgartner.com/wp-content/uploads/Moodys_Gartner_Tax_Law_Income-Sprinking-Flowchart.pdf?v1</A><BR /></P> Thu, 31 Oct 2019 09:15:10 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/tosi-rules-generally-apply-to-income-that-is-assigned-to/01/941693#M6230 TurboTaxJennifer 2019-10-31T09:15:10Z
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topic Does a parent and son who enter into a partnership of a rental property and split their rental income 50% be subject to the rules of TOSI? in Investors and rental owners
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Does a parent and son who enter into a partnership of a rental property and split their rental income 50% be subject to the rules of TOSI?
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TOSI rules generally apply to income that is assigned to...
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<P>TOSI rules generally apply to income that is assigned to non-active partners. If both parties are active in the business, TOSI wouldn't apply.</P><P>There's an excellent "decision tree" for TOSI on the Moodys Gartner site that you might find helpful:&nbsp;<A rel="nofollow" href="https://www.moodysgartner.com/wp-content/uploads/Moodys_Gartner_Tax_Law_Income-Sprinking-Flowchart.pdf?v1" target="_blank">https://www.moodysgartner.com/wp-content/uploads/Moodys_Gartner_Tax_Law_Income-Sprinking-Flowchart.pdf?v1</A><BR /></P>
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