If I pay the taxes for, let's say, for five consequetive years. This home is NOT mine.
2006-06-13 06:27:18 · 6 answers · asked by BelleoftheBall 2 in Business & Finance ➔ Renting & Real Estate
I am 99% sure that the answer is no. If you are not on the tittle then you are not the owner of the home. You should really double check with a lawyer if you are thinking of taking possesion.
2006-06-13 06:31:50 · answer #1 · answered by just me000 4 · 1⤊ 1⤋
No, you cannot. You also cannot deduct the taxes you paid from your own tax return. As a previous responder points out, the benefit of tax deduction belongs to the owner of the property. This all assumes that the property in question is residential and used as a residence rather than as any kind of commercial/business enterprise.
2006-06-13 14:31:44 · answer #2 · answered by Paul in San Francisco 3 · 0⤊ 0⤋
Depending on the state you live in but in tennessee you can, my great aunt just passed away a few months ago, we needed to sell her land and house, when it came time to sell we could not find a deed with her name on it, so we pulled all the tax info and found out that she had paid for the taxes for the place for over 65 yrs and took it to court and they deeded the house in her name
2006-06-13 16:46:18 · answer #3 · answered by Josh C 2 · 0⤊ 0⤋
In CA if you pay the taxes for 5 years you will be the new owner!
2006-06-13 23:41:45 · answer #4 · answered by LiLiLA 2 · 0⤊ 0⤋
I don't believe so.
Furthermore, I don't believe YOU should be taking the IRS deduction for real estate taxes. Taxes are the owners responsibility. The owner gets the deduction, regardless who paid them.
2006-06-13 13:51:06 · answer #5 · answered by vtguy777 2 · 0⤊ 0⤋
no, but you can get your $$ back by suing the owner of the property, taxes are their responsiblity, unless you have an agreement that you would pay
2006-06-13 13:30:38 · answer #6 · answered by paj 5 · 0⤊ 0⤋