Golfer2016
Level 2
05-26-2020
02:46 PM
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I am sure it is owned 50/50. I looked at the title and they are both listed as joint. The transaction history is also clear because the dad put in cash.
What do you think about what I should use for the cost? 100% or 50%?
Another point is that the rules allow either of them to deduct property tax, for example. The child has been as it has been his primary residence