My parents do not work, retired and cannot afford to pay lot rent on their mobile home each month. I help pay the rent for them. Can I deduct the rent from my tax return?
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1 Best answer
xmasbaby0
Level 15
Jun 4, 2019 7:18:30 PM
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.
1 Replies
xmasbaby0
Level 15
Jun 4, 2019 7:18:30 PM
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.