I have asked a similar question but because there is no way for me to reply to that original question I have to ask again. Sorry.
Please tell me if this plan seems feasible and legal.
I want to go to county recording office to get my name added to the deed of my moms current home. Just put my name on it, my moms name will stay on the deed as well.
I then want to get my mom's home refianced with my name and her name on it. Currently it only has her name on it.
If I do this, can I legally rent out the house in my name and claim all taxes, interest, and rent loss on my taxes as long as she doesn't claim it on hers?
Reason I need to do this is, my mom doesn't have any income so it doesn't make sense for her to claim these things on her taxes.
And for the people that have asked before, yes my mom knows what is going on, there is no ethical questions here. I'm doing this for our family's well being not just my own as I plan to support my parents at their old age. Thank you
2006-11-01
01:09:36
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6 answers
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asked by
pc
1