topic I am the power-of-attorney for a home my daughter owns in another state. I make the rental decisions and pay expenses. Can I claim on my taxes? What abt 1st yr deprec? in Investors & landlords

I am the power-of-attorney for a home my daughter owns in another state. I make the rental decisions and pay expenses. Can I claim on my taxes? What abt 1st yr deprec?

tbertolo — Wed, 11 Feb 2026 10:46:55 GMT

I'm on disability and don't have to file. I was trying to see if I could recover some of the expenses I've paid out.

Re: I am the power-of-attorney for a home my daughter owns in another state. I make the rental decisions and pay expenses. Can I claim on my taxes? What abt 1st yr deprec?

Anonymous_ — Fri, 20 Dec 2024 02:42:50 GMT

Re: I am the power-of-attorney for a home my daughter owns in another state. I make the rental decisions and pay expenses. Can I claim on my taxes? What abt 1st yr deprec?

tbertolo — Mon, 14 Oct 2024 17:03:47 GMT

Thank you. I appreciate your answer. That saves me a lot of stress. Can I possibly ask one more question? If so, I wanted to know since she owned the home since 11/30/2021 and did rent it in 2022, prior to making me her power of attorney, can she file an amended return for 2022 and 2023? FYI - reason for the power-of-attorney, she's in prison.

Re: I am the power-of-attorney for a home my daughter owns in another state. I make the rental decisions and pay expenses. Can I claim on my taxes? What abt 1st yr deprec?

Anonymous_ — Fri, 20 Dec 2024 02:43:01 GMT

Re: I am the power-of-attorney for a home my daughter owns in another state. I make the rental decisions and pay expenses. Can I claim on my taxes? What abt 1st yr deprec?

fanfare — Mon, 14 Oct 2024 18:03:48 GMT

Upkeep and other costs of the property should be coming out of the rent, not out of your pocket.

@tbertolo