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L
letty4erik
November 6, 2023
Question

I will be signing a rent to own agreement for the house we live in. I currently pay the taxes. Am I able to deduct the property taxes on my return?

  • November 6, 2023
  • 2 replies
  • 0 views
No text available

2 replies

B
Bsch4477
Employee
November 6, 2023

You can’t deduct property tax if you don’t own the property. 

    O
    Opus 17
    Employee
    November 6, 2023

    Sorry, you must be the legal owner against whom the taxes are assessed.

     

    (If there is a mortgage, and you pay the mortgage interest, that might be deductible under the "beneficial owner" rule.  We could discuss that further.  But there is no "beneficial owner" rule for property taxes, you must be the legal owner against whom the taxes are assessed.)

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