Who declares the real estate taxes when you co-own a home?
Posted on February 13th, 2010 in Other - Taxes | 4 Comments »
Kelly asked:
My fiance and I co-own our home, both of our names are on the title, but only his name is on the mortgage. Can I still declare the real estate taxes on my taxes? Can I declare half of the real estate taxes?
4 Responses
For Sale by Owner
Who paid the tax? if you did or paid 1/2 then declare what you paid
Playa del Rey Real Estate
Either of you can claim the portion of both the real estate tax and mortgage interest that you individually paid.
Flathead Lake Mt Real Estate
Yes, you may claim the taxes you paid as long as your name is on the trust deed. You may not claim any interest benefit as you have no liability.
Body Thermage
You have to work that out with whomever you own the home with. The town gives a figure of what they want for taxes and if they don’t get it they file a lien on the house. They could care less who owns the house. All they care about is collecting their tax.