Legal Question in Tax Law in California

Can I take a deduction on Schedule A for real estate taxes I paid individually for a house in a trust that names my brother and I as equal beneficiaries? The house has not yet been recorded in our names with the county (Nassau County, NY). My father who set up the trust has died.


Asked on 1/25/10, 11:36 pm

1 Answer from Attorneys
George Shers Law Offices of Georges H. Shers

You can take a deduction for any expenses you actually have or money spent. But when the Trust finally pays you back, that would be ordinary income that you would then pay tax on.

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Answered on 1/31/10, 7:43 am


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