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Updated over 3 years ago on .
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Real Estate Tax Question
Hello BP Community,
I purchased my first rental property in 2019, paid cash at auction. Then using the BRRRR strategy did a cash out refinance. But, I actually had my Sister complete the refinance, so the mortgage is in her name. I sold the property 6 months ago, and had a net profit of $95,000. Can I list the profit as income on my Tax return, even though title and mortgage was in her name? Any feedback would be greatly appreciated. Thank you!