L
larrylease
Guest
If a RE arrangement, involving two parties and is set up where one party puts in 80% of the equity( down payment)and the two partners agree to split the mortgage and property taxes on a 50/50 basis,what is the tax implications for both partners. Is the tax deductibilty based on equity in or principal and interest payments payments made? Should it be structured as tenants in common or a partnership?
[This message has been edited by larrylease (edited October 13, 2000).]
[This message has been edited by larrylease (edited October 13, 2000).]