On Feb 18, 6:19 pm, Vijay Sharma <vj...[at]hotmail.com> wrote:

- quote -

It would seem that the expenses have to split according to the rental
income, that is 1/3 and 2/3. Probably the rental expenses are paid
from the income, so shifting the expenses to one partner while keeping
the income split according to ownership interest / number of shares
seems like a way of avoiding taxes. I'm no expert on partnerships
though.

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On Feb 17, 11:07*am, "removeps-gro...[at]yahoo.com" <removeps-
gro...[at]yahoo.com> wrote:
- quote -

Thanks for the reply.

My situation is that my mom gets 2/3 of the rent ($8,000) and I get
1/3. If she does not file and I file showing $4,000 rent, do I have
to prorate all rental expenses, such as depreciation, etc. and claim
only 1/3 of expenses or can I show $4,000 in rent income (1/3) but can
show 100% of rental expenses? The house is owned in tenants in common
but I pay all expenses and manage the rental property completely.

Thanks in advance.

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On Feb 16, 9:42 pm, Vijay Sharma <vj...[at]hotmail.com> wrote:

- quote -

The filing requirements at http://www.irs.gov/individuals/artic...=96623,00.html
suggests that she does not have to file. However, she might need to
file in order to claim Schedule E depreciation.

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<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

My mom is 72 years old and lives with us. She has $1,800 in interest
earned and $8,000 in rent income. Does she have to file a tax return
if we do not claim her as a dependent? My understanding is that she
does not have to file a tax return if her gross income is less than
$10,300 in 2008 because she will end up neither paying income tax nor
getting a refund.

Thanks in advance.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >