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If I no longer need my home interest payments and my real estate taxes as exemptions, can I give those deductions to my son. He lives in one of my homes.

 
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If I no longer need my home interest payments and my real estate taxes as exemptions, can I give those deductions to my son. He lives in one of my homes.

No, you cannot do that unless his name is on the mortgage or the deed, and he made the payments.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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2 Replies

If I no longer need my home interest payments and my real estate taxes as exemptions, can I give those deductions to my son. He lives in one of my homes.

No, you cannot do that unless his name is on the mortgage or the deed, and he made the payments.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
JulieH1
New Member

If I no longer need my home interest payments and my real estate taxes as exemptions, can I give those deductions to my son. He lives in one of my homes.

These expenses are only deductible by the person that pays the expenses.

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