Q: I lived with my mom, in her house, for 44 years. I’ve helped her along with her house bills since my faculty days and took care of her via her combat with Alzheimer’s. I even paid her belongings taxes, house owners insurance coverage and utilities for a few years. In reality, all of the application expenses are in my title.
She gave up the ghost two years in the past. She sought after me to stay dwelling in the house for so long as I needed, as a result of I used to be the one one who took duty for her care.
I’ve a number of siblings. They all have their very own properties and haven’t any need to take away me from the house. The valuables is debt loose. If I have been to make a decision to transport from the house, then any sale proceeds could be divided between us all, however till then, it’s been agreed that I will stay, so long as I proceed to pay the taxes and standard bills of dwelling there.
My mother will have had a will, however we now have but to seek out it. She used to be a hoarder, and no person truly is aware of the place she would possibly have stashed it. Can I deduct the actual property taxes on my federal source of revenue taxes even supposing the tax invoice is in her title?
A: You pose an enchanting query. At the one hand, you’ve handled your mother’s house as your individual for many of your lifestyles. But, the house used to be owned via your mom. Usually, for source of revenue tax functions, the person who owns the house has the best to deduct the actual property taxes. On your case, it will appear that whilst your mom used to be alive, it’s worthwhile to now not deduct the ones taxes.