rent to own property - Posted by Pam

import · April 20, 2006, 4:56pm

Posted by John on April 21, 2006 at 08:39:48:

True, I was thinking along different lines.
This is almost to complicated to answer without more infomation. She needs to seek compentant tax advise.

import · April 20, 2006, 4:56pm

Posted by Pam on April 20, 2006 at 16:56:40:

I am in a rent to own situation where I pay all expenses including taxes. I live in NY and i was curious about h ow I can get my name on the deed now so I can claim the tax benefits. Thanks

import · June 2, 2006, 11:19am

Re: rent to own property - Posted by shikynia self

Posted by shikynia self on June 02, 2006 at 11:19:20:

please help me find affordable rent to own property!!!

import · April 20, 2006, 5:25pm

Re: rent to own property - Posted by John

Posted by John on April 20, 2006 at 17:25:43:

Seek advise of CPA or Attorney
This depends on how your contract was written.
The name on deed does not affect the tax benefits he who pays gets the deductions just keep reciepts, cancelled checks, ect.

import · April 21, 2006, 8:33am

Re: rent to own property - Posted by dutch

Posted by dutch on April 21, 2006 at 08:33:13:

Not always. If it is a true Lease/Option, and she is just renting with an option to buy, the guy who owns it gets the deductions. If she can prove equitable interest, then she can take them. It’s not who pays (renters always pay one way or another). It’s who has “equitable” ownership.

Dutch
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