I put my primary home, located in California, into a trust in 2023. How do I handle this in my filing (e.g. interest paid, property taxes) versus in prior years?
This is our primary home with no income.
The trust does not affect how you will handle your taxes.
If this is your primary home, you would still handle it the same way as you did prior to putting your home in the trust. You are still legally liable for the mortgage and property taxes. So, if you itemized your return in the past, you can still do so. Even if you didn't and this year, you happen to pay more in interest and taxes than in past years, you can still itemize.
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