TomD8
Level 15

Deductions & credits

@VolvoGirl --

 

Since the parents co-signed for the mortgage, I don't believe their payments would be construed as a gift. 

 

If the mortgage were only in the daughter's name, then any mortgage payments the parents made would definitely be considered a gift.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.