Vanessa A
Expert Alumni

Get your taxes done using TurboTax

Based on the above info, on Form 8829 can I:
1. deduct the mortgage interest (line 10b)? Yes, but as stated in that post, you would have to prove ownership if audited. 
2. deduct the real property taxes (line 11b) ? Yes, and as stated above, if audited, you would have to prove ownership.  Which if you live there and are making payments directly to the bank, this would be possible.  It may also help to have a written agreement between you and your parents. 
3. depreciate the percentage of my home used as my home office (lines 37-42)? Yes.  This would follow the same principal as above.  If the home is yours, then you would be able to take all deductions that any other home owner would take, you just may have more work to do if you would happen to be audited to prove that the home is constructively yours.  

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