Anonymous
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Investors & landlords
I would also point out that since they don't own it they can't take depreciation on the building. since they're probably not on the mortgage if they pay it they may be entitled to a deduction for rent which the parents would have to pick up as income or it could be a gift to the parents which wouldn't be deductible. The same would be true if they pay the real estate taxes.
‎June 14, 2020
9:02 AM