Posted on: 12th Dec, 2010 04:47 am
i want to set up a life estate with a quit claim deed to my son while i remain in my home until i die. if i quitclaim my home (which is completely paid for) to him, can i still claim the taxes that i pay yearly on my irs form?
Hi coolflannelcat,
Though your property is free and clear, you may be able to claim property tax deductions on your IRS form.
Though your property is free and clear, you may be able to claim property tax deductions on your IRS form.