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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
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I purchased the house as Family Trust, and the beneficiary

Customer Question

I purchased the house as Family Trust, and the beneficiary of the trust live with me who paid the mortgage interest, can he deduct the interest from his 1040 Schedule A ? What the mortgage statement should state ? My name or Trust Name ?
Submitted: 5 months ago.
Category: Tax
Expert:  Lane replied 5 months ago.

IS this trust an irrevocable trust or a revocable trust?

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