topic If my mother in laws house is in my wifes name while my mother in law lives there, can I write off the property taxes eventhough we do not charge rent? in Investors & landlords

If my mother in laws house is in my wifes name while my mother in law lives there, can I write off the property taxes eventhough we do not charge rent?

lgiannola — Sat, 01 Jun 2019 05:03:57 GMT

frustrated449 — Sat, 01 Jun 2019 05:03:58 GMT

What if this house is sold? Is it an investment or is it a second home?

SweetieJean — Sat, 01 Jun 2019 05:03:59 GMT

second home.

Marketstar — Sat, 01 Jun 2019 05:04:02 GMT

Yes, you can deduct all property tax paid on all property you own in the year paid.