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My mother passed away in 2016. I inherited her primary home. It has mortgages on the property that I was a co-signer for. I am making payments. How do I handle this?
I was a co-signer but not on the deed. It is my property now. I am making payments, paying utilities, doing repairs, paying insurance an taxes, etc. How do I file this property? What can I claim? How do I determine basis? What if I rent or sell? Can I claim mortgage interest even though she was the primary on the note? Thanks
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May 31, 2019
6:02 PM