California Investment Property / Property Tax Question?
I started living in and renting from my mother-in-law in December 2007. She is asking for me to pay her property taxes in the amount of $ 2200 in April 2008 & again in November 2008.
Aside from not giving me advanced notice to pay this for her, wouldn’t she qualify for some kind of write-off that would benefit HER and not ME?
The rental is in California and she lives in California. Anyone out there that can tell me in simple terms… I don’t know what “schedule E” means, so I’ll need lay terms please.
I am willing to pay more rent to cover her cost, but I just feel like I’m getting the short end of the stick here. Please set me straight!