pk
Level 15
Level 15

Deductions & credits

@JFW3  I agree  that the  trust rules  matter here  ( how it is exactly worded  --- this could be treated as a case of  equitable ownership   ( think there was case  in California  where  Person A lived in the house , paid all the  dues as if he owns the place, He had person B buy the house for him because he could not qualify  for the loan.  It was always understood that  B was owner on paper but the house was for benefit / use of Person A.    I brought this because of this  -- can he claim to be the equitable owner ?