turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

herowb13
New Member

My parents' home is in my and my siblings name but they still live in the home under life estate ownership. Am I able to deduct my share of the property taxes?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DS30
New Member

My parents' home is in my and my siblings name but they still live in the home under life estate ownership. Am I able to deduct my share of the property taxes?

It depends.

Since your name is on the deed, if you paid a portion of the property taxes in 2016, you will be able to claim that portion as an itemized deduction on your tax return. However, if you did not actually pay anything towards the property taxes, you will not be able to claim any deduction.

View solution in original post

1 Reply
DS30
New Member

My parents' home is in my and my siblings name but they still live in the home under life estate ownership. Am I able to deduct my share of the property taxes?

It depends.

Since your name is on the deed, if you paid a portion of the property taxes in 2016, you will be able to claim that portion as an itemized deduction on your tax return. However, if you did not actually pay anything towards the property taxes, you will not be able to claim any deduction.

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

Manage cookies