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Deductions & credits
Do you really mean you are co-signing for the mortgage? So that if your friend defaults on the loan and does not pay, you are held responsible? There is nothing to enter on a tax return about that----unless at some time in the future you get put on the hook and have to start making the payments. Then you could enter the mortgage interest and/or property taxes you paid on your own tax return.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎January 11, 2023
12:27 PM