My sister and I own a rental property 50/50. My sister received 80% of the income and I received 20%. Do we report actual income or do we have to report the income 50/50?

We have a bank account dedicated to the rental for income and expenses. Expenses are claimed 50/50.

Best answer by Irene2805

Report the actual income you received and the actual expenses you paid.

Report the actual income you received and the actual expenses you paid.

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