Can I show Rental income as spouse income

Member since 2023 · 1 post · 0 votes

Me and my spouse own a rental property. Can I show rent as income for my spouse only while filing taxes ?

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Jeff Nash
Accountant · McKinney, TX · Member since 2023 · 394 posts · 580 votes
3y
More information is needed, and I’m curious about the reason for your question and the objective. Do you live in a community property state? I assume the property is titled in you and your spouse’s name and not by any entity or trust?
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Eric Williams
Accountant · Houston, TX · Member since 2023 · 148 posts · 41 votes
3y
Quote from @Arun Kumar:

Me and my spouse own a rental property. Can I show rent as income for my spouse only while filing taxes ?

Nope. Assignment of income doctrine prevents income shifting like this.
Whoever owns the property producing the income is taxed.
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