I am a co-owner of a property (listed on the deed). However, I am not on the mortgage but pay a portion of the mortgage. The property tax on the home is paid through the mortgage company. Would I be able to claim both mortgage interest tax deduction and property tax deduction? Or one instead of the other? The other owner has another home where he maxes out his tax deduction limit and we file taxes separately. Filing together is not an option at this time.
