Legal Question in Real Estate Law in Arizona

multiple owners on a 4plex investment property; all have equal share - can we revolve tax deductions from year to year so each owner can get a tax deduction every few years - or can only 1 owner take the tax deductions?


Asked on 4/07/10, 12:05 am

1 Answer from Attorneys
Lance Davidson Lance S. Davidson, P.C.

The tax deductions may be taken based on allocable shares in the property. You can have allocable shares for accounting purposes distinct from those of control/voting. You should seek counsel for further explanation.

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Answered on 4/12/10, 8:36 am


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