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R/E TAXES PAID (simple question)

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    R/E TAXES PAID (simple question)

    Client pays real estate tax for mother in law (mother in law owns home)

    Can client take the real estate tax deductions or ONLY the person who owns the property takes the deduction?

    (I am doubling checking my reading of the The Tax Book page 4-10 "real estate taxes - 1st sentence)

    Thanks in advance
    Always cite your source for support to defend your opinion

    #2
    You are correct...

    Originally posted by SAMMY View Post
    Client pays real estate tax for mother in law (mother in law owns home)

    Can client take the real estate tax deductions or ONLY the person who owns the property takes the deduction?

    (I am doubling checking my reading of the The Tax Book page 4-10 "real estate taxes - 1st sentence)

    Thanks in advance
    ...Only the property owner can claim the deduction.
    That's all I have to say ... for now.

    Moses A.
    Enrolled Agent

    Comment


      #3
      No she can't

      >>...Only the property owner can claim the deduction.<<

      No she can't. Only the person who pays the expense can claim the deduction!

      Comment


        #4
        Thank you

        Thanks to both of you - guess the season is getting to my reading.

        Jainen - not to continue a long disscusion but I think your reply meant to say NOT the person who pays the expense BUT the person who OWNS the property

        "Only the property owner can claim the deduction.<<

        No she can't. Only the person who pays the expense can claim the deduction!"
        Always cite your source for support to defend your opinion

        Comment


          #5
          Have mother-in-law take the deduction—client gifted the money to her to pay the property tax.

          Comment


            #6
            Allow me to clarify...

            Originally posted by jainen View Post
            >>...Only the property owner can claim the deduction.<<

            No she can't. Only the person who pays the expense can claim the deduction!
            She is the only one who is Entitled or Allowed to claim any amount that is made, or considered to be made by her. For example, son-in-law gifts amount paid for real estate taxes to mother-in-law, it is considered to be paid by her and she can take the deduction. He (the taxpayer in question) can not claim even if he did pay for it, unless his name (or spouses name, if MFJ) is on the deed. If said taxpayer, chooses not to gift the amount to mother-in-law, then neither of them can take it.

            Is that better, or did I miss something?
            That's all I have to say ... for now.

            Moses A.
            Enrolled Agent

            Comment


              #7
              Yes

              Thanks again to you all -done deal
              Always cite your source for support to defend your opinion

              Comment

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