OWNERSHIP & ENTITIES
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Tenancy in common
Also called: TIC · tenant in common
A form of direct co-ownership in which each owner holds an undivided interest in property.
What it means in practice.
A TIC interest can represent an interest in real property rather than a partnership interest, but tax classification depends on the actual arrangement and facts.
Why it matters.
TIC structures appear in both direct real estate ownership and certain fractional 1031 replacement strategies.
Additional notes.
A TIC interest can represent an interest in real property rather than a partnership interest, but tax classification depends on the actual arrangement and facts.
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