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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 ?
‎July 2, 2024
10:22 AM