Hi,
Please share some knowledge regarding joint ownership of a house:
1) If a house held under joint ownership is sold within 3 years of purchase, in what ratio is the profit added in the incomes of first and second holder.
2) Can the profits be shown as income: 100% vs 0% between Owner2 vs Owner1; although the home loan was applied as: 100% vs 0% between Owner1 vs Owner2
