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Hello –
My brother and I have a SFR worth $200k. Mortgage is in his and title was quick claimed to me. Split after sale in future is 80/20.
He received a letter in the mail from the mortgage company to sign a W9 form to confirm is social last week. I’ve been getting the depreciation over last 3 years but I’m curious about the letter. Should we change the title back over to him because of the W9 letter? If we have to switch title back over, what tax effects if any would that have?
Thank you
Dan
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