Question
I owned a rental property (duplex) for three years. I gave it to my dad but left it in my name. He pays all expenses and collects the rent income. Do I need to report tax
My father has completely taken over the property. He pays the mortgage, pays maintenance, insurance and all expenses. He collects all the rental income. Do I need to report it on my taxes or would he be able to report it all as if it’s in his name? It’s all his besides the fact that it’s in my name.
