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Can Taxpayer A who actually paid all the real estate taxes and mortgage interest on a personal residence in which only he lived but his mother co-owns and cosigned on take a deduction for all of it?
Wiki User
∙ 15y ago
If Taxpayer A was a legal or equitable owner of the property, then yes.
You didn't specifically say who the mother co-owns the property with, but if Taxpayer A's name is on the title, there should be no problem. If the mother didn't actually pay any of the deductible expenses, she cannot claim a deduction for them.
Wiki User
∙ 15y ago
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How can you get out of cosigner even through you already cosigned?
Pay the loan off and then collect payments from the person you cosigned for.
How can you get your name off of a car note you have cosigned on?
you and the party you cosigned have to talk to who you have the note with and they should be able to help you out
Is the cosigner responsible for other debts beside the item such as house rental he has cosigned for?
A cosigner is only responsible for the items that he has cosigned for.
How can you sue the person you cosigned for?
if you are from 'merica
Someone cosigned a loan for me and I since lost my job can this person file suit for the entire loan or just what she cosigned for?
No, you would have to redo the loan.
Can a lien be put on my property if im a senior citizen without going to court 1st for cosigned car?
Unfortunately if you cosigned a loan that means you were willing to pay the loan if the other signer defaults and if that happen they will go by any means to collect that money that you "cosigned/said" you would cover if the other person defaults. I would go after that person that you cosigned for if it has gone this far.
If you get married are you responsible for the loan your spouse cosigned for their sibling?
No.
Can a cosigned car be taken out of state of Washington?
yes it can
Can you sue some one if you cosigned a credit card for them and they did not pay?
Yes.
What can be done to the person you cosigned for if they don't pay?
Very little, you will have to pay.
What happens if you were a cosigner on an auto loan but now your credit is terrible and you are in a credit consolidation program?
As far as the auto loan you cosigned for, nothing will happen as long as the person who actually borrowed the money makes the payments on time.
Can you put a lien on the home of a creditor's parent?
Only if the parents cosigned the note.
