menawach[at]msn.com wrote:

- quote -

It should have been addressed in the divorce decree--are you
sure it isn't? That would be place to start. If confirmed
it isn't (seems like a pretty big piece of communal property
to overlook, though), then if the former partners are
amicible, draft an agreement letter for them spelling out
the terms. If can't work it out that way, guess one would
have to file a petition to the court.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

<menawach[at]msn.com> wrote:

- quote -

Assuming that's what happened, sure. It's just like any two
unrelated people owning an income property together.

Rather than assuming, I'd find out what the particulars are
of this property.

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Clients were divorced in 2006 but rental property was not
sold. How do I handle this? Do I complete a Sched E for
both with the income and expenses split down the middle?

Ric Smith

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >