Legal Question in Tax Law in Pennsylvania

i want to buymyparent's home.i am aretired school teacher. iamsingle nochildren. no other property would this help with taxes


Asked on 5/14/10, 8:52 am

1 Answer from Attorneys
Scott Polsky

I am not sure what exactly you are asking. I would need to know some things about your financial situation and your parents' financial situation to do a tax analysis. Simply buying a residential property will cause you to have to pay annual property taxes. If you obtain a mortgage, the interest is deductible. Please feel free to call or email me.

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Answered on 5/19/10, 9:08 am


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