Can I claim real estate taxes on my annual tax return for IRS if I’m on the deed but not on the mortgage?
pc asked:
There is a deed to a home that is listed under my mom and dad. My dad just passed away and now I want to take him off and put myself on with my mom.
There is a deed to a home that is listed under my mom and dad. My dad just passed away and now I want to take him off and put myself on with my mom.
I will however not be refinancing the current mortgage which only has my mom on it.
Will I be able to claim the real estate taxes that are paid via escrow for this property even though I’m not on the mortgage?
And if so, can I only claim the months that I’m on the deed (ie. from May until Dec 2007) or may I claim the whole year?
And is there any way that I can take my mom off the deed once I put my name on the deed? Thank you.
KIRBY
