http://www.getresidences.com/290/how-can-irs-know-if-i-actually-paid-or-my-mom-paid-the-tax-and-mortgage-interest-before-i-was-on-deed-and-mort/ Free Tax Investing Tips Fri, 12 Mar 2010 02:02:19 +0000 http://wordpress.org/?v=2.7.1 hourly 1 http://www.getresidences.com/290/how-can-irs-know-if-i-actually-paid-or-my-mom-paid-the-tax-and-mortgage-interest-before-i-was-on-deed-and-mort/comment-page-1/#comment-305 Ron_Gurney Wed, 28 Oct 2009 09:45:41 +0000 http://www.getresidences.com/290/how-can-irs-know-if-i-actually-paid-or-my-mom-paid-the-tax-and-mortgage-interest-before-i-was-on-deed-and-mort/#comment-305 Only the person who is legally obligated to pay the mortgage or tax payment is allowed to take the deduction on his/her taxes. If your name was not on the Mortgage and/or Deed, then you can not take the deduction. If your Mom's name was the only listed and you paid them out of your pocket, then the IRS will consider you a nice child who gave a lovely gift to your Mom, but you can not take the deduction. Only the person who is legally obligated to pay the mortgage or tax payment is allowed to take the deduction on his/her taxes. If your name was not on the Mortgage and/or Deed, then you can not take the deduction. If your Mom’s name was the only listed and you paid them out of your pocket, then the IRS will consider you a nice child who gave a lovely gift to your Mom, but you can not take the deduction.

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