Home arrow Mortgage Forums arrow Budgeting and Personal Finance arrow

who can claim home deductions when filing tax return

Author Message
Icon Mini Profile margostover





Joined: 08 Jan 2009

Posts: 1

1.26 Dollars($)
Post Posted: Thu Jan 08, 2009 9:01 am    Post subject: who can claim home deductions when filing tax return
Like 0
Dislike 0

home in sons name with mortgage-quit claim deed to father-father pays mortgage payment which includes taxes in escrow and resides in the home-can father claim this on his taxes
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10250
Location: ALASKA
1043.57 Dollars($)
Post Posted: Thu Jan 08, 2009 11:23 pm    Post subject:
Like 0
Dislike 0

Welcome margostover,

As you are paying the mortgage dues and as the mortgage is in your name, you can claim the deductions in your taxes.

_________________
Procrastination is the enemy of your financial success
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Refinance Quotes
Call for Rates
Speak to a lender now.
We will match calls to our toll free number with our network of lenders.
Highlights
Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Helpful References
34 Tax tips boost your savings
12 financial ways for Seniors
Budgeting Lesson 1
401k/403b Retirement Loan


Calculators     [View all]
Calculate Debt-Income Ratio
Calculate Retirement savings
Convert IRA to Roth IRA
Tax savings in 1031 Exchange


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.






Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.053 seconds.