Does anyone one know if I can write in a sep. agreement that instead of alimony payments in “cash or check” I agree that I pay her rent and still be able to write these payments off on my taxes?
The long story is I agreed that she could have all equity in our house up until a certain month last year. With the economy the way it is, she still has no job and I let her stay for free while I make the mortgage payment. She signed a quit claim deed over to me last fall giving up her name on the deed. I could just write her a check every month and then have her cash it and give it right back to me to prove to the taxman, but would rather keep it simple.
I know this isn’t a forum for tax laws, but thought I’d give it a shot. Thanks
Edited to add: Also, from reading older posts I understand that alimony terms can’t be modified in a separation agreement, most post dealing with one party wanting a change. But what if both parties agree to the change? Can we modify it then?