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Level 1
June 6, 2019
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Can anyone claim the interest on a mortgage loan, or simply the person on the loan?

  • June 6, 2019
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Best answer by MarilynG

Only the person(s) on the Mortgage Loan can claim the Mortgage Interest, as they are the only person(s) responsible for the payment of the loan.

From IRS Publication 936:

"In Publication 936, the IRS states that you can deduct mortgage interest if you itemize deductions on Schedule A and are “legally liable” for the loan. The IRS also says that you cannot deduct payments you make for someone else if you are not legally liable to make them."

1 reply

MarilynG
MarilynGAnswer
Level 15
June 6, 2019

Only the person(s) on the Mortgage Loan can claim the Mortgage Interest, as they are the only person(s) responsible for the payment of the loan.

From IRS Publication 936:

"In Publication 936, the IRS states that you can deduct mortgage interest if you itemize deductions on Schedule A and are “legally liable” for the loan. The IRS also says that you cannot deduct payments you make for someone else if you are not legally liable to make them."

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