Welcome Guest. Register Now!  


Itemized Deductions Schedule-A


 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 03-05-2011, 06:42 PM
Junior Member
 
Join Date: Mar 2011
Posts: 1
Can a trustee deduct property tax and mortgage of a house?

Hi,
My parents are retired with no income other than their retirement fund. I'm living with them and paying for mortgage and property tax. I am one of the trustee of the house, but the 1098 is listed under my parents name. Since they are not working they really can't deduct anything, can I deduct any of those under my tax return?

Thanks,



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Mortgage Interest and Property Taxes Energy Trader Itemized Deductions 0 03-28-2010 05:01 AM
Can taxpayer's deduct mortgage insurance premiums without income limitations? TaxGuru Itemized Deductions 0 11-10-2009 09:37 AM
IRS proposes Non-itemizers can deduct property taxes for 2008! TaxGuru For 2008 0 08-08-2008 11:41 AM
What closing costs can I deduct from a purchase of a rental property? katlee Rental Real-Estate 1 02-11-2008 04:50 PM
remodeled house. does the property tax change RSVP Miscellaneous 1 04-18-2007 02:17 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.