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Deed and Property Taxes

Posted on: 22nd Jan, 2012 04:45 pm
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
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.
Posted on: 22nd Jan, 2012 10:10 pm
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
Posted on: 23rd Jan, 2012 09:08 pm
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.
Posted on: 24th Jan, 2012 09:54 pm
You're welcome!! :)
Posted on: 24th Jan, 2012 11:14 pm
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