Legal Question in Wills and Trusts in California
My sister in Orange Co. always has taken $7,000 off her taxes for homeowners exemption. I never have as I don't know how to get it? We both own our own houses? Is there a form to fill out to be able to deduct this annually on your taxes?
Thank you very much.
1 Answer from Attorneys
This is a topic that is better discussed with a tax preparer, such as an accountant or CPA, than with attorneys unless you are claiming that you are a part owner of a home that she has been taking the full deduction for, is this the case?
There is a space to take the deduction on your tax forms. Again, where it is depends on the form you use. Discuss this with your CPA.
If you would like to discuss this matter further in a more private forum, please feel free to contact me directly at the email address provided by LawGuru or through our firm�s website located at PasadenaEstatePlanning.com
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