Posted on June 16, 2010.
I'll buy a rental house. Should I add my wife to act as we file jointly or me.? She is a housewife, but is now in my home this act. Not sure what the advantage is to have his or disable the rental house act, I think to buy. Taxes?
If you file jointly, it makes no difference if it is on the act. Your tax return remains the same.
When one of you dies, then it makes a difference if the assets are held jointly or separately.
It does not matter except in one case. If the house value share of $ 500,000 in 10 years, the profit would any of you (with some restrictions). Is what you want. If it is on the title, the benefit belongs to all of you.