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Discussion Question Kathleen pays $3,000 mortgage interest on the home that she and her husband live in. Kathleen and her husband live with Molly, Kathleens
Discussion Question Kathleen pays $3,000 mortgage interest on the home that she and her husband live in. Kathleen and her husband live with Molly, Kathleens mother. The title to the home is in Kathleens name. However, the mortgage is Mollys obligation. Kathleen claims Molly as her dependent on her current tax return. What tax issues should Kathleen consider? Explain. There is not a word limit. Thanks
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