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Deductions & credits
Thanks Mike. All 3 of us are currently on the mortgage but it is being refi'd and only my name will remain on the mortgage. The bank will be sending the quit deed claim forms to my parents to sign. So, both the property and mortgage will be moving from a jointly owned situation to a sole ownership (I will claim it as a primary residence going forward).
March 8, 2021
7:51 AM