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Author Topic: Underpaid taxes  (Read 1260 times)

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Änσnymσus

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Re: Underpaid taxes
« Reply #15 on: May 01, 2019, 08:46:54 AM »
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    Based on this article provided by anonymous https://www.hhcpa.com/blogs/income-tax-accountants-cpa/home-interest-deduction-even-when-its-not-in-your-name/, I realized that we actually can claim the taxes, because we have a verbal agreement to acquire partial ownership of the house based on payments to the principal, but not including taxes and interest.  We are working on getting a legal contract signed in order to protect us if the IRS ever does come after us.
    Fantastic news!  Glad you figured it out.  I read the article and didn't know that rule, so I learned something too.
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