Joint ownership & tax returns
I was just reading an article in RLA about property ownership and it mentioned that if the property is jointly owned "the income has to be shared in the correct way" (50/50).
Does this then mean that my wife and I both have to submit tax returns? I was hoping to just do the one for myself but it looks like it might not be that simple? We only have the one property.
I'd appreciate some advice as to what the required process is.
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