Real Estate Tax Tips: Owning Property as a Tenancy in Common“Tenancy in common” (or TIC) refers to a situation in which ownership of a piece of property is divided among multiple people. When the owners of a piece of real estate have a tenancy in...

Real Estate Tax Tips: Owning Property as a Tenancy in Common

“Tenancy in common” (or TIC) refers to a situation in which ownership of a piece of property is divided among multiple people. When the owners of a piece of real estate have a tenancy in common, it can create a number of complications related to taxes. See the full TurboTax article for details.