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Do my parents need to pay tax if I contributed to their mortgage?

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  • Do my parents need to pay tax if I contributed to their mortgage?


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Answer #1 | 01/12 2013 23:25
It is not income to them, but I would have an agreement in place and your name on the deeds and mortgage as proof for the tax man if it is ever queried
Answer #2 | 03/12 2013 15:09
any money in their account will make interest. that interest will be considered income for them.

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