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Deed and Property Taxes

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Unsure Guest	Posted: Sun Jan 22, 2012 5:45 pm    Post subject: Deed and Property Taxes Like 0 Dislike 0 My husband has POA along with this brother for their mother. They are also on the Deed to her home as Tenants in Common. Does he need a paper trail to prove Real Estate Taxes are paid by him and brother or can their mother continue to pay Real Estate Taxes and deduct them on her Income Taxes? Profiting from this deduction? Or should we be paying and profiting from the deduction? signed: unsure _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Sun Jan 22, 2012 11:10 pm    Post subject: Like 0 Dislike 0 Welcome Guest, As far as I can understand, their mother can continue to pay the real estate taxes and deduct them on her income taxes. _________________ Procrastination is the enemy of your financial success
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Jan 23, 2012 10:08 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! If you want to claim the taxes on your tax returns, then you need to pay it and keep paper trail for claiming it on your taxes. Feel free to ask if you've further queries. Sussane
unsure Guest	Posted: Tue Jan 24, 2012 10:54 pm    Post subject: property tax deduction Like 0 Dislike 0 Fantastic Answers! Thanks for your quick and thorough answers. I think we'll let her pay until she can't, then we'll step in.
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Jan 25, 2012 12:14 am    Post subject: Like 0 Dislike 0 You're welcome!!

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