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New Member
posted Jun 5, 2019 10:39:31 PM

I have power of attorney of my parents. Can I use the interest on their house of my taxes

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1 Best answer
Alumni
Jun 5, 2019 10:39:32 PM

Not unless you are a co-signer of the mortgage. To deduct any expense you must be legally obligated to pay it. If you did not sign the mortgage you are not legally obligated to pay it and you can not deduct the interest.

1 Replies
Alumni
Jun 5, 2019 10:39:32 PM

Not unless you are a co-signer of the mortgage. To deduct any expense you must be legally obligated to pay it. If you did not sign the mortgage you are not legally obligated to pay it and you can not deduct the interest.