@Opus 17wrote:I disagree to the extent that the regulations specifically include "equitable owner" for the mortgage interest deduction, but not the property tax...
@Opus 17wrote:Property taxes can be deducted by the person who pays them if that person is a legal owner or co-owner (on the deed).They can also be deducted by ...
@Mike9241wrote:.........a complex trust does not require these annual distributions....As a blanket statement, that is false. "Complex" trusts can still have pr...
It is possible but what are the terms of the trust?If the trust states that all income must be distributed to the beneficiary each tax year, then the beneficiar...
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