If a relative (daughter), pays my financial advisor, can I claim the bill on my income taxes on form schedule A?
Asked on 3/27/10, 11:24 am
2 Answers from Attorneys
Norman Nadel
Norman Nadel, Esq.
No; you can only claim a deduction for eligible payments which you have made.
Answered on 4/01/10, 12:08 pm
Walter LeVine
Walter D. LeVine, Esq.
Not usually, since you did not actually pay it yourself.
Answered on 4/01/10, 8:39 pm
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