[Diana]

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Hello,
I've read several posts on your site, very informative, congratulations!
I have a question about CBE. I financed a property abroad that cost a little over 1 million dollars, however I did the financing together with my husband, we each have 50% of the property. We put down 20% and financed the rest. In this case, as we bought the property together and we each have 50%, do we still have to do the CBE? If so, would it only be one in the name of one of the two?
Do we have to split the amount in half in the tax return, since we don't file the return together? And does the financing part come under debts and encumbrances or do I just put the asset?
Thank you

[Author]

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