Profile picture for ravenstevens

Details after securing a Kiddi Condo

Throug a Kiddie Condo we purchased a property jointly wiht my daughter.  Since she is making the payments, she will use the appropriate tax deduction as primary residence.  Since I'm also on the deed and cosigned the loan, can I claim any deductions?  Specifically, home improvements as an investment property?
  • September 17 2012 - Colorado Springs
  • 0Yes

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Answers (3)

I agree with wetdawgs, the property will need one or the other, but ask an accountant to see what may work best for your situation. 
  • June 02 2013
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Profile picture for Ofe Polack
You need to have a word with your accountat on this one.  Good luck!
  • September 19 2012
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Profile picture for wetdawgs
Please see your tax accountant.    A property can't be claimed both as a primary residence for one party and an investment property by another.

  • September 18 2012
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