Gifting a Timeshare Interest

This column first appeared in the San Antonio Express-News and its MySA.com site on June 9, 2015. Dear Mr. Premack: About ten years ago, my husband and I purchased a timeshare vacation property in San Antonio. We can use it for a few weeks at a time yearly, or use one of the sister properties.…

Can I Claim my Parent as a Dependent?

Dear Mr. Premack: As I get serious about completing my tax return, I am wondering if it is possible to reduce my taxes by claiming my father as a dependent. He lives in assisted living but could not afford the rent. So every month he pays $1100 (his entire social security check) and I pay…