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Get your taxes done using TurboTax
Hello,
Thanks for your answer. It helps me understand the situation.
My daughter will be on a title but not on a loan. I am not using equity from my current home to get a loan secured.
Looks like best not to use a rent option. She will be paying a monthly loan payments on my behalf directly or can send me amount equal to monthly loan payment and I can make payments.
I think rule is to 50-50 to be considered both homes as a Primary residences, but I am not certain. As long as I or my daugher can take credit for interest and tax paid then we're okay.
Thanks
‎June 19, 2025
2:18 PM