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Investors & landlords
No you cannot. Essentially what you are doing is giving your folks a gift, Gifts to individuals are not deductible. It is kind and generous of you to help your parents by paying the lot rent, but it is not deductible for you.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎June 4, 2019
7:18 PM