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My wife and I partnership rental properties, i have a business paid rent to my wife. Howver, we file our tax MFJ. Do we have to file 1065?

tpham141762
Level 1

do we still have to file 1065?

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abctax55
Level 15

https://ttlc.intuit.com/

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

View solution in original post

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7 Comments 7
abctax55
Level 15

https://ttlc.intuit.com/

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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IRonMaN
Level 15

Do you have a formal partnership established?


Slava Ukraini!
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George4Tacks
Level 15

For a little light reading to get you started before you contact a paid tax professional. https://www.thetaxadviser.com/issues/2008/aug/avoidingtheself-rentaltrap.html


Here's wishing you many Happy Returns
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Marc-TaxMan
Level 8

H&W count as 1 taxpayer.  Partnership requires at least 2 partners.  

I have seen 1065s with H&W as sole partners, but I do not think it's right

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TaxGuyBill
Level 15
They may be considered as one taxpayer for some purposes, but not for determining if a Partnership exists.
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Just-Lisa-Now-
Level 15
Level 15
"i have a business paid rent to my wife"

Is this part of the rental partnership?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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tpham141762
Level 1
Yes, it is a part of the rental partnership.
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