I moved from Florida to Texas in August 2016. I kept my home in Florida, and my parents live there. They pay part of the mortgage money to me, how do I report this
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I moved from Florida to Texas in August 2016. I kept my home in Florida, and my parents live there. They pay part of the mortgage money to me, how do I report this
I am still the mortgage holder for the house and my parents do not provide the full amount of the mortgage. I now own a second home in Texas.
I moved from Florida to Texas in August 2016. I kept my home in Florida, and my parents live there. They pay part of the mortgage money to me, how do I report this
You simply have a second home that family lives in and helps with the costs. You can deduct the property taxes & the mortgage interest on your primary & second homes on the Sch A.