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Can I get a tax break for paying property taxes on a property that doesn't belong to me? i.e family home

Forum|Forum|3 years ago
January 20, 2023
2 replies
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( not in my name )

TurboTax Self Employed Online

Best answer by JohnB5677

In general you are not responsible for someone else's debt. However, there are times when a person has "equitable title" to property.

Equitable title. Under this doctrine, you prove that even though you do not have legal title, you bear the benefits and burdens of the property and are thus the true owner under the law for certain purposes.

Edited 01/25/2023 7:16 AM

@kulturekisses

Kat11_2

Employee

I'm sorry, but you can deduct property taxes only on property in your name (the name on the deed/mortgage).

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

JohnB5677Answer

In general you are not responsible for someone else's debt. However, there are times when a person has "equitable title" to property.

Equitable title. Under this doctrine, you prove that even though you do not have legal title, you bear the benefits and burdens of the property and are thus the true owner under the law for certain purposes.

Edited 01/25/2023 7:16 AM

@kulturekisses

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kulturekissesAuthor

Thank you for confirming. I appreciate you!

Kat11_2

Employee

@kulturekisses Thanks for the reply! So nice to hear. It is our pleasure!

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***