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Level 1
June 3, 2019
Solved

If I paid all the real estate tax on my 2nd home, can I split the real estate tax deduction with a relative?

  • June 3, 2019
  • 1 reply
  • 8 views

I'm the register owner of the house, but my relative co-sign the loan for the house.

    Best answer by Marketstar

    One can only deduct property tax on property he/she owns and actually pays for out of pocket.

    So, splitting the property tax expense will not benefit you or the relative in question-you should deduct the entire payment


    1 reply

    Level 12
    June 3, 2019

    One can only deduct property tax on property he/she owns and actually pays for out of pocket.

    So, splitting the property tax expense will not benefit you or the relative in question-you should deduct the entire payment