Answer
May 02, 2024 - 12:55 AM
What does that mean? Like, you're not – I'm imagining that basically you own, like, maybe 10% of a rental or something like that, and you want to know if you can write it off your own personal expenses. So if you own a property with a bunch of people or just with another person, your expenses are all going to be the same. And so you guys will share expenses. And so if you have a $100 life bill that you're using for the rental or whatever that you pay for, that other person is going to get $90 and you get your $10 of it. And so when you own things with other people, you should not be paying for expenses directly yourself because other people are getting the benefit of that. And when you own things with other people, you should put money into the bank account or the partnership or whatever it is, and those expenses should get divided out from there so that you can appropriately calculate for that.
