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March 27, 2024
Question

Claim a loss

  • March 27, 2024
  • 1 reply
  • 0 views

I purchased a condo for my son who was to pay all costs including monthly mortgage payments.  My name is on the mortgage and deed.  Last year I paid all monthly mortgage payments due to his changing jobs, and lack of funds.  Can I claim a loss for $30,000+? 

    1 reply

    March 27, 2024

    No.

     

    These expenses are personal expenses and aren't deductible.

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