Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-09-2013, 02:45 PM
Junior Member
 
Join Date: Jan 2013
Posts: 1
Do we both have to file Schedule E?

My spouse and I jointly own a home that we started renting out in 2012. The mortgage is only in his name and he is the only one listed on the lease as the landlord. There is no profit on this property and the small loss cannot be claimed, so basically it breaks even tax-wise.

Can he claim all the income and expenses (mortgage interest and R.E. taxes) on his 1040 Schedule E or do we have to split the income and expenses, including his mortgage interest, 50/50 and both file a Schedule E?

Thanks!
aries



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Schedule K-1 smokey Miscellaneous 1 03-21-2011 07:45 AM
Schedule C mrbittler Sole-Proprietorship 1 02-04-2011 01:24 PM
Schedule D Line 14 SAINT44 Capital Gains 0 04-02-2010 12:13 AM
First Time Schedule C fcf1220 Sole-Proprietorship 0 04-04-2009 03:28 PM
How much of Tax preparation fees are deductible on Schedule A & Schedule C? awkan Sole-Proprietorship 1 03-23-2007 11:28 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.