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I have a client who owned 6 rental properties with her now ex-husband. Her divorce was finalized in June 2021 and each spouse kept 3 of the properties.
My questions is how do I treat the rental properties for the first 6 months of the year? Should they each claim half of all 6 for 6 months and then only their respective 3 properties for the rest of the year or should they just claim 100% of the 3 properties they retained?
Thanks in advance
Jeremy
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I vote "each claim half of all 6 for 6 months and then only their respective 3 properties for the rest of the year "
The more I know the more I don’t know.
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Check with the Property Settlement Agreement and Divorce Decree. Then read up on the State Laws.
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Ignore the Property Settlement Agreement and Divorce Decree because state judges can't rule on federal tax law.
