DaveF1006
Expert Alumni

State tax filing

Please review this Turbo tax link, for further guidance on owning a home with your parents. Basically though, since it sounds like you co-own the house with your parents, you can claim the part of your ownership interest in the property.  Assuming that it is a 50/50 split in ownership, you can claim 50% of the mortgage payments, property taxes and all of the deductible expenses for owning the house. If all three of you have their names on the deed, then it would be a 1/3 split.

 

it doesn't matter if you lived in one state and owned the house in another. 

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