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30-01-12
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Member
Join Date: Sep 2011
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Joint Ownership Income Tax Issues
If a son or daughter has the property with his or her parent jointly listed on the sale deed but the son/daughter makes all the EMI payments , then can both of them split the rental income and expenses on their tax returns? Or it always the person who makes the EMI payments - only he has the right to include any rental income/expenses associated with the property on his tax returns?
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| income, issues, joint, ownership, tax |
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