Since right now, I outright own 50% of the house, but he owes most of it to the bank still - is it possible to take that into account when declaring rental income? Ideally I would declare 100% of the rental income - it's a legal short-term rental, I do all the work, but it's not business income as we don't provide meals and other services. Also, My husband is in a much higher tax bracket, so it would be much better if I could declare the rental income. Is that possible? Or do we have to split it 50:50 since that is how ownership is split, even if right now he doesn't own nothing outright?
Based on the information you've provided, you would be considered to be a co-owner at 50%. To represent that fact accurately on your tax return, you'll claim 50% if the net (after expenses) rental income and your spouse will claim the other 50%.
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