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My name is on the mortgage (not my son),my sons name is on the deed with mine, son lives at the property full time,pays the mortgage/taxes. Who can claim what for taxes?
My second home bought 2018, I own the mortgage. Son lives in home, pays all expenses including mortgage. Son is on deed with me. What do I need to claim on taxes? As a second home? Can son claim mortgage interest, taxes on tax return? I am a bit confused about a gift tax?
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‎June 3, 2019
4:44 PM