My brother and I inherited two houses after my mother's death. We have been living in one and have been paying the taxes and mortgage since she purchased it. We want to be able to claim the interest on the mortgage and taxes next year. My brother is signing off on the house with a quit claim. Do I legally need to do something to put my name on the mortgage so I can claim it? Or can I just keep paying and since the house is "technically" mine (from inheritance) be able to claim it?

June 28th, 2024

I own a house that I treated as a rental property for tax purposes. I am now considering selling it. What are the deductions and tax implications, including the percentage of the balance for Capital Gains Tax (CGT), and who is responsible for the paperwork and when is the CGT due?

September 8th, 2023

Can I use my dad's social security number to prepare the new certification of the trust, or do I have to get a trust TIN (Tax Identification Number)? If a new TIN is required, which forms do I need to complete to obtain it?

December 6th, 2023

I have an interest-bearing loan (second registered mortgage) that defaulted. Can I declare the loss on my tax return, specifically for federal and Arizona state taxes?

May 29th, 2024

I was told that there will be a stimulus check issued. How true is that?

November 26th, 2024