If I assist my parent living in Canada with their mortgage payments, is the interest expense then tax deductible for me (living in the US/filing US tax return)?
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Sorry--no. Gifts you gave to help your parents are not deductible. Money given to individuals is not deductible for you, nor is it taxable to the recipient.
Sorry--no. Gifts you gave to help your parents are not deductible. Money given to individuals is not deductible for you, nor is it taxable to the recipient.
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