- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No! You must have an ownership interest in the property to deduct interest on a loan. This means that your name has to be on the deed, or you have a written agreement with the deed holder that establishes you have an ownership interest. You're not allowed to claim the mortgage interest deduction for someone else's debt.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 18, 2023
8:04 AM