Claiming rental income & expense
Husband & wife owned a two family, now they are separated, husband is living in the basement apt, wife lived on 1st floor and 2nd floor is rented. Husband collected all rental income in 2011 and deposited it into his account
personal account, he also paid all expenses(100%) mtge, taxes etc. Can he claim the entire rental income on schedule E and deduct the entire expenses allocated to the rental apt.