This might be a sort of strange and terrible situation, but such is my life. I helped my parents purchase a condo last year as they would not have qualified for the mortgage without my credit and income. I owe them my life so I agreed, but unfortunately the condo was in a 55+ community. I am not 55+ so could not be listed as a property owner on the deed. So hooray for me I own taxes on the property but enjoy none of the ownership. I was wondering if I could still claim any deductions on my taxes since I do pay interest on the mortgage - we split it three ways. Is this possible? Is it best if we file or visit the same accountant together? Or do I have no claim to this since I am not a property owner?
