djimm100
Level 1

Can property taxes & insurance be deducted from a trust that owns a house?

Can property taxes be deducted from a trust that owns a house?

Can property insurance be deducted from the trust?

This is an irrevocable trust set up by a mother for her daughter, the beneficiary.

tagteam
Level 15

Deductions & credits


@djimm100 wrote:

This is an irrevocable trust set up by a mother for her daughter, the beneficiary.


Yes, real estate taxes can be deducted. 

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