Posted on: 30th Jul, 2011 08:09 pm
If i do a quitclaim deed to my brother, and he has bad credit, and can't get it refinanced. Can i still put that on my taxes as rental property since i still am responsible for the morgage? Thank you
Hi lmnaylor,
If your name is not mentioned in the property deed, then you may not be able to put that on your taxes as a rental property. Nevertheless, contact a tax adviser and he will help you in this matter.
Thanks
If your name is not mentioned in the property deed, then you may not be able to put that on your taxes as a rental property. Nevertheless, contact a tax adviser and he will help you in this matter.
Thanks