Welcome Guest. Register Now!  


For 2013 Tax Tips For Year 2013.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-02-2014, 05:42 PM
Junior Member
 
Join Date: Feb 2014
Posts: 1
Question Property Taxes on Grandparents House

Hello there! I've been researching this for a bit, but keep coming up with conflicting info. Here's my situation: currently live in (Michigan) and maintain my deceased grandparents home. The house was willed to myself and my siblings/uncles, however the property tax bills are still in my grandmothers name.

Is it at all possible to claim the property taxes I paid?


Additionally, the gas bills for this year were still in her name which I've paid. Don't know much about the home heating credit, but being in her name would that be an issue?

Thanks for any help!



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
  #2 (permalink)  
Old 02-02-2014, 06:30 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,231
Quote:
Originally Posted by msx.asdf View Post

#1;Is it at all possible to claim the property taxes I paid?


#2;Additionally, the gas bills for this year were still in her name which I've paid. Don't know much about the home heating credit, but being in her name would that be an issue?
#1;The property tax- You can ONLY claim the property taxes if that is YOUR name on the bill.so, Probably not. A pty taxes can be deducted only by the owner of the property upon which the tax is imposed. Therefore, if the deed to the property lies in your mother's name, you are not entitled to a deduction for the real estate taxes even if you are the one who actually paid them

#2; i guess so.



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
Ads
Reply


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
Delinquent property taxes jasneedshelp Rental Real-Estate 2 10-01-2013 07:48 PM
Cost basis of rental house converted from investment property Sammie Rental Real-Estate 3 09-05-2013 10:04 PM
Can a trustee deduct property tax and mortgage of a house? Melody_CA Itemized Deductions 1 03-06-2011 08:50 AM
If I Use My 401k For A Down Payment On A House And I Sell The House Within 4 Months ? anunez IRA/Sep 1 06-03-2007 02:34 AM
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