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Re: I purchased my sister’s home and paid it off allowing her to stay as long as she wants for approx $350 a month. Can I depreciate and claim losses on the house?
TomD8
Alumni
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Investors & landlords
If you itemize, you can claim the property taxes that you paid on Schedule A.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
January 16, 2020
10:19 AM
