@Gary39 wrote:
Regarding the last comment in the previous reply "You can still deduct the mortgage interest and property taxes as itemized deductions on Schedule A of the tax return as the owner of the property". My question is how much interest and tax can the homeowner deduct on their Schedule A -- i.e. the entire amount reported by the mortgage company, or just the portion that the roommate did not reimburse (i.e. 1/2 of the total amount). I presume the later?
The entire amount. How you received the funds to pay the mortgage interest is not relevant since you are the owner of the property.
