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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.
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.
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