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Old 08-21-2005, 11:18 AM
peachy peachy is offline
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Join Date: Oct 2004
Location: Heaven...where else are angels from??
Posts: 2,137
Default Re: paying off my parent\'s mortgage..help needed

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Why not just write the check to the mortgage company?

Is paying a bill for a parent really considered a gift? (yes, I'm asking)

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if ur audited for some dumb reason the IRS can make anything into anything...if u write it to the morgage co its easier than getting around giving it to your parents, there r some ways of doing this that u get a tax break in the whole sum like say if you "invest" in thier home - joint own it/etc. There is too much to type here
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